DnB Asset Management AS reduced its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK – Free Report) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,294 shares of the company’s stock after selling 500 shares during the period. DnB Asset Management AS’s holdings in Liberty Broadband were worth $1,546,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of LBRDK. JPMorgan Chase & Co. grew its stake in shares of Liberty Broadband by 14.1% in the 4th quarter. JPMorgan Chase & Co. now owns 3,757,711 shares of the company’s stock valued at $286,601,000 after buying an additional 464,072 shares during the period. Treasurer of the State of North Carolina boosted its stake in Liberty Broadband by 0.6% during the 1st quarter. Treasurer of the State of North Carolina now owns 53,784 shares of the company’s stock valued at $4,394,000 after purchasing an additional 310 shares during the last quarter. Barclays PLC boosted its stake in Liberty Broadband by 14.3% during the 1st quarter. Barclays PLC now owns 733,953 shares of the company’s stock valued at $59,964,000 after purchasing an additional 91,690 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Liberty Broadband by 8.3% during the 4th quarter. Teacher Retirement System of Texas now owns 105,505 shares of the company’s stock valued at $8,047,000 after purchasing an additional 8,060 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Liberty Broadband by 74.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 289,997 shares of the company’s stock valued at $23,693,000 after purchasing an additional 123,735 shares during the last quarter. 77.27% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on LBRDK shares. Pivotal Research cut their price target on Liberty Broadband from $138.00 to $129.00 in a research note on Monday, August 7th. StockNews.com started coverage on Liberty Broadband in a research note on Thursday, August 17th. They set a “sell” rating for the company. Rosenblatt Securities reissued a “buy” rating and set a $144.00 target price on shares of Liberty Broadband in a research report on Tuesday, September 5th. Finally, Morgan Stanley lifted their target price on shares of Liberty Broadband from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $131.60.
Liberty Broadband Trading Down 0.4 %
NASDAQ:LBRDK opened at $92.62 on Wednesday. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $13.54 billion, a PE ratio of 16.87 and a beta of 1.13. The firm’s 50 day moving average is $89.85 and its 200 day moving average is $82.28. Liberty Broadband Co. has a 12 month low of $68.67 and a 12 month high of $96.88.
Liberty Broadband (NASDAQ:LBRDK – Get Free Report) last posted its quarterly earnings results on Friday, August 4th. The company reported $1.71 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.69). The company had revenue of $245.00 million during the quarter, compared to the consensus estimate of $237.90 million. Liberty Broadband had a return on equity of 9.44% and a net margin of 82.31%. Sell-side analysts expect that Liberty Broadband Co. will post 7.72 earnings per share for the current year.
Insider Buying and Selling at Liberty Broadband
In other Liberty Broadband news, CEO Gregory B. Maffei sold 1,135 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $92.02, for a total transaction of $104,442.70. Following the sale, the chief executive officer now owns 1,119,131 shares of the company’s stock, valued at approximately $102,982,434.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 10.80% of the company’s stock.
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.
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