Geode Capital Management LLC Increases Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Geode Capital Management LLC boosted its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 1.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,014,571 shares of the company’s stock after purchasing an additional 31,484 shares during the period. Geode Capital Management LLC owned about 1.41% of Liberty Broadband worth $155,736,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of LBRDK. Barclays PLC lifted its holdings in Liberty Broadband by 6.4% during the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after buying an additional 415,496 shares during the last quarter. Groupama Asset Managment bought a new position in Liberty Broadband during the third quarter worth $25,000. XTX Topco Ltd acquired a new position in Liberty Broadband in the third quarter worth $644,000. National Bank of Canada FI bought a new stake in Liberty Broadband during the third quarter valued at $3,541,000. Finally, Jane Street Group LLC raised its holdings in shares of Liberty Broadband by 2.3% during the third quarter. Jane Street Group LLC now owns 257,979 shares of the company’s stock worth $19,939,000 after purchasing an additional 5,780 shares during the period. Institutional investors and hedge funds own 80.22% of the company’s stock.

Insider Activity

In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $338,624.88. Following the transaction, the insider now owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. This trade represents a 54.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $75.84, for a total transaction of $167,454.72. Following the sale, the chief accounting officer now owns 11,054 shares in the company, valued at $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. Over the last 90 days, insiders have sold 6,673 shares of company stock valued at $509,688. Insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

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

Liberty Broadband Price Performance

Shares of LBRDK opened at $81.98 on Tuesday. 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 company has a market cap of $11.71 billion, a P/E ratio of 15.10 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. The stock has a fifty day moving average price of $85.20 and a 200 day moving average price of $69.10.

Liberty Broadband (NASDAQ:LBRDK) last released 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). The firm had revenue of $262.00 million during the quarter, compared to analyst estimates 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 business earned $1.10 EPS. On average, research analysts forecast that Liberty Broadband Co. will post 6.72 earnings per share for the current 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.