Mraz Amerine & Associates Inc. Makes New Investment in Liberty Broadband Co. (NASDAQ:LBRDK)

Mraz Amerine & Associates Inc. purchased a new stake in Liberty Broadband Co. (NASDAQ:LBRDK) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,164 shares of the company’s stock, valued at approximately $245,000.

Several other large investors also recently made changes to their positions in the stock. Versant Capital Management Inc raised its holdings in Liberty Broadband by 4,888.9% during the second quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock worth $25,000 after acquiring an additional 440 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Liberty Broadband by 200.7% in the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock valued at $33,000 after buying an additional 283 shares during the last quarter. Beach Investment Counsel Inc. PA bought a new position in shares of Liberty Broadband in the second quarter valued at $36,000. Mather Group LLC. increased its holdings in Liberty Broadband by 103.7% during the second quarter. Mather Group LLC. now owns 762 shares of the company’s stock worth $44,000 after buying an additional 388 shares during the last quarter. Finally, UniSuper Management Pty Ltd raised its position in Liberty Broadband by 88.9% during the first quarter. UniSuper Management Pty Ltd now owns 1,700 shares of the company’s stock worth $97,000 after acquiring an additional 800 shares in the last quarter. Institutional investors own 80.22% of the company’s stock.

Wall Street Analyst Weigh In

LBRDK has been the topic of a number of research analyst reports. Rosenblatt Securities upped their target price on shares of Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Morgan Stanley raised their price objective on Liberty Broadband from $62.00 to $69.00 and gave the company an “equal weight” rating in a research report on Friday, July 19th.

Liberty Broadband Stock Performance

Shares of LBRDK stock opened at $80.91 on Friday. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $89.45. The company has a market capitalization of $11.56 billion, a price-to-earnings ratio of 13.74 and a beta of 1.03. The company has a 50-day simple moving average of $69.12 and a 200 day simple moving average of $59.47. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.68 and a current ratio of 1.68.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($1.15). Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. The firm had revenue of $246.00 million for the quarter, compared to analyst estimates of $244.25 million. During the same period in the previous year, the business posted $1.71 earnings per share. On average, sell-side analysts predict that Liberty Broadband Co. will post 8.45 earnings per share for the current year.

Insider Transactions at Liberty Broadband

In related news, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the transaction, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at $838,335.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total transaction of $167,454.72. Following the sale, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at approximately $838,335.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the completion of the transaction, the insider now owns 3,670 shares of the company’s stock, valued at $280,975.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by insiders.

Liberty Broadband Company 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.