Liberty Broadband Co. (NASDAQ:LBRDK) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP raised its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 15.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,653 shares of the company’s stock after buying an additional 4,403 shares during the quarter. Quantinno Capital Management LP’s holdings in Liberty Broadband were worth $2,524,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Quarry LP bought a new position in shares of Liberty Broadband in the 3rd quarter worth about $28,000. GAMMA Investing LLC lifted its holdings in Liberty Broadband by 200.7% in the third quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after acquiring an additional 283 shares during the last quarter. Capital Advisors Ltd. LLC boosted its stake in Liberty Broadband by 75.8% in the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after acquiring an additional 191 shares during the period. Brooklyn Investment Group bought a new position in shares of Liberty Broadband during the third quarter valued at approximately $82,000. Finally, CWM LLC raised its position in shares of Liberty Broadband by 163.7% during the 2nd quarter. CWM LLC now owns 2,255 shares of the company’s stock worth $124,000 after purchasing an additional 1,400 shares during the period. Institutional investors own 80.22% of the company’s stock.

Liberty Broadband Stock Up 3.3 %

LBRDK opened at $80.89 on Wednesday. The stock’s 50 day moving average price is $84.82 and its 200 day moving average price is $68.03. 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 cap of $11.56 billion, a P/E ratio of 14.90 and a beta of 1.02. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $237.41 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same period last year, the business posted $1.10 earnings per share. As a group, research analysts predict that Liberty Broadband Co. will post 6.72 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband 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. The trade was a 54.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Brian J. Wendling sold 2,208 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $75.84, for a total transaction of $167,454.72. Following the completion of the sale, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at $838,335.36. The trade was a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,673 shares of company stock worth $509,688. 10.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. StockNews.com started coverage on Liberty Broadband in a research report on Saturday. They set a “sell” rating for the company. Rosenblatt Securities boosted their price target 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.

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.