Liberty Broadband Co. (NASDAQ:LBRDK) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,416 shares of the company’s stock after acquiring an additional 280 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Liberty Broadband were worth $853,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LBRDK. Atria Investments Inc bought a new position in Liberty Broadband in the 3rd quarter worth about $254,000. KBC Group NV grew its position in Liberty Broadband by 6.9% in the 3rd quarter. KBC Group NV now owns 5,893 shares of the company’s stock worth $455,000 after purchasing an additional 382 shares during the last quarter. CIBC Asset Management Inc bought a new position in Liberty Broadband in the 3rd quarter worth about $275,000. Schneider Downs Wealth Management Advisors LP bought a new position in Liberty Broadband in the 3rd quarter worth about $209,000. Finally, Seizert Capital Partners LLC grew its position in Liberty Broadband by 20.4% in the 3rd quarter. Seizert Capital Partners LLC now owns 143,768 shares of the company’s stock worth $11,112,000 after purchasing an additional 24,315 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Insider Activity

In related news, CEO Gregory B. Maffei sold 125,000 shares of the 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 completion of the sale, the chief executive officer now directly owns 1,435,256 shares of the company’s stock, valued at $114,447,313.44. This represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a research report on Thursday. They issued a “sell” rating for the company.

Liberty Broadband Trading Up 2.9 %

Liberty Broadband stock opened at $81.38 on Monday. The firm has a 50 day simple moving average of $79.45 and a 200-day simple moving average of $78.73. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market capitalization of $11.66 billion, a PE ratio of 14.99 and a beta of 1.06. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.67 by ($1.63). The company had revenue of $253.00 million during the quarter, compared to the consensus estimate of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. As a group, equities research analysts expect that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.

About Liberty Broadband

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.