DekaBank Deutsche Girozentrale reduced its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK – Free Report) by 2.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,515 shares of the company’s stock after selling 513 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Liberty Broadband were worth $1,475,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS Group AG grew its stake in shares of Liberty Broadband by 73.6% in the first quarter. UBS Group AG now owns 4,724,260 shares of the company’s stock worth $385,972,000 after purchasing an additional 2,002,184 shares during the last quarter. Norges Bank bought a new stake in Liberty Broadband in the fourth quarter valued at approximately $114,084,000. Dorsal Capital Management LLC boosted its holdings in Liberty Broadband by 108.3% in the fourth quarter. Dorsal Capital Management LLC now owns 2,500,000 shares of the company’s stock valued at $190,675,000 after acquiring an additional 1,300,000 shares during the last quarter. Amundi boosted its holdings in Liberty Broadband by 89.5% in the fourth quarter. Amundi now owns 1,323,356 shares of the company’s stock valued at $114,550,000 after acquiring an additional 624,865 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in Liberty Broadband by 44.7% in the third quarter. Thompson Siegel & Walmsley LLC now owns 1,211,979 shares of the company’s stock valued at $89,444,000 after acquiring an additional 374,203 shares during the last quarter. 77.27% of the stock is currently owned by institutional investors.
Insider Activity at Liberty Broadband
In related news, CEO Gregory B. Maffei sold 1,135 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $92.02, for a total value of $104,442.70. Following the transaction, 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 SEC, which is available through this hyperlink. 10.80% of the stock is owned by insiders.
Liberty Broadband Price Performance
Liberty Broadband (NASDAQ:LBRDK – Get Free Report) last issued its earnings results on Friday, August 4th. The company reported $1.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.69). Liberty Broadband had a return on equity of 9.44% and a net margin of 82.31%. The firm had revenue of $245.00 million during the quarter, compared to the consensus estimate of $237.90 million. Sell-side analysts anticipate that Liberty Broadband Co. will post 7.72 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
LBRDK has been the topic of several analyst reports. Citigroup upped their target price on Liberty Broadband from $113.00 to $130.00 in a report on Thursday, September 21st. Pivotal Research cut their price target on Liberty Broadband from $138.00 to $129.00 in a report on Monday, August 7th. Morgan Stanley increased their price target on Liberty Broadband from $100.00 to $110.00 and gave the stock an “equal weight” rating in a report on Monday, July 24th. StockNews.com started coverage on Liberty Broadband in a report on Thursday, October 5th. They set a “sell” rating on the stock. Finally, Rosenblatt Securities restated a “buy” rating and set a $144.00 price target on shares of Liberty Broadband in a report on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Liberty Broadband currently has a consensus rating of “Hold” and an average price target of $134.60.
Check Out Our Latest Analysis on LBRDK
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.
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