Assenagon Asset Management S.A. Boosts Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Assenagon Asset Management S.A. boosted its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 23.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,585,407 shares of the company’s stock after purchasing an additional 686,089 shares during the quarter. Assenagon Asset Management S.A. owned about 2.51% of Liberty Broadband worth $268,045,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Whitebox Advisors LLC increased its position in Liberty Broadband by 29.5% during the second quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company’s stock valued at $163,260,000 after acquiring an additional 677,785 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Liberty Broadband by 67.4% in the second quarter. Millennium Management LLC now owns 1,032,186 shares of the company’s stock worth $56,584,000 after buying an additional 415,619 shares during the last quarter. Barclays PLC grew its position in Liberty Broadband by 6.4% during the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock valued at $533,251,000 after buying an additional 415,496 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Liberty Broadband by 63.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 940,168 shares of the company’s stock valued at $72,666,000 after buying an additional 366,614 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Liberty Broadband by 19.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company’s stock valued at $113,045,000 after purchasing an additional 330,159 shares during the period. 80.22% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Gregory B. Maffei sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the transaction, the chief executive officer now directly owns 1,435,256 shares of the company’s stock, valued at approximately $114,447,313.44. This trade represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last three months, insiders sold 196,542 shares of company stock valued at $15,834,108. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Liberty Broadband in a research note on Wednesday, January 8th. They issued a “sell” rating on the stock.

Liberty Broadband Trading Up 1.7 %

LBRDK stock opened at $75.50 on Wednesday. The firm’s fifty day simple moving average is $82.84 and its two-hundred day simple moving average is $72.68. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of 13.90 and a beta of 1.04. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $262.00 million during the quarter, compared to analysts’ expectations of $237.41 million. During the same period last year, the company earned $1.10 earnings per share. As a group, analysts anticipate that Liberty Broadband Co. will post 6.72 earnings per share for the current year.

Liberty Broadband Profile

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.