Point72 Asia Singapore Pte. Ltd. Decreases Stock Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Point72 Asia Singapore Pte. Ltd. trimmed its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 39.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,782 shares of the company’s stock after selling 3,076 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Liberty Broadband were worth $370,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Comerica Bank raised its holdings in shares of Liberty Broadband by 33.4% in the first quarter. Comerica Bank now owns 26,011 shares of the company’s stock worth $1,489,000 after buying an additional 6,511 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Liberty Broadband by 1.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 16,199 shares of the company’s stock valued at $919,000 after purchasing an additional 302 shares during the period. Versant Capital Management Inc increased its stake in Liberty Broadband by 4,888.9% in the 2nd quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock worth $25,000 after buying an additional 440 shares during the period. Mather Group LLC. lifted its holdings in Liberty Broadband by 103.7% during the 2nd quarter. Mather Group LLC. now owns 762 shares of the company’s stock valued at $44,000 after buying an additional 388 shares in the last quarter. Finally, CWM LLC boosted its position in Liberty Broadband by 163.7% in the 2nd quarter. CWM LLC now owns 2,255 shares of the company’s stock valued at $124,000 after buying an additional 1,400 shares during the period. Institutional investors own 80.22% of the company’s stock.

Insider Activity

In related news, insider Renee L. Wilm sold 4,423 shares of the company’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total transaction of $338,624.88. Following the transaction, the insider now directly owns 3,670 shares of the company’s stock, valued at $280,975.20. This represents a 54.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the sale, the chief accounting officer now owns 11,054 shares of the company’s stock, valued at approximately $838,335.36. This trade represents a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,673 shares of company stock worth $509,688. Corporate insiders own 10.80% of the company’s stock.

Liberty Broadband Trading Down 0.6 %

NASDAQ:LBRDK opened at $84.61 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a 50-day simple moving average of $83.99 and a 200-day simple moving average of $66.89. Liberty Broadband Co. has a one year low of $46.46 and a one year high of $101.50. The firm has a market cap of $12.09 billion, a P/E ratio of 15.58 and a beta of 1.02.

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

Analyst Ratings Changes

LBRDK has been the topic of a number of research reports. StockNews.com began coverage on shares of Liberty Broadband in a research report on Friday. They set a “sell” rating on the stock. Rosenblatt Securities lifted their target price on Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th.

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.