Janney Montgomery Scott LLC Grows Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Janney Montgomery Scott LLC raised its holdings in Liberty Broadband Co. (NASDAQ:LBRDKGet Rating) by 2.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,030 shares of the company’s stock after acquiring an additional 1,093 shares during the period. Janney Montgomery Scott LLC’s holdings in Liberty Broadband were worth $2,954,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vigilant Capital Management LLC raised its holdings in shares of Liberty Broadband by 2.9% during the 3rd quarter. Vigilant Capital Management LLC now owns 191,576 shares of the company’s stock valued at $14,138,000 after buying an additional 5,417 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in shares of Liberty Broadband by 44.7% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,211,979 shares of the company’s stock valued at $89,444,000 after buying an additional 374,203 shares in the last quarter. Shufro Rose & Co. LLC raised its holdings in shares of Liberty Broadband by 1.7% during the 3rd quarter. Shufro Rose & Co. LLC now owns 19,566 shares of the company’s stock valued at $1,444,000 after buying an additional 332 shares in the last quarter. NuWave Investment Management LLC raised its holdings in shares of Liberty Broadband by 660.0% during the 3rd quarter. NuWave Investment Management LLC now owns 3,914 shares of the company’s stock valued at $289,000 after buying an additional 3,399 shares in the last quarter. Finally, Chemistry Wealth Management LLC raised its holdings in shares of Liberty Broadband by 14.0% during the 3rd quarter. Chemistry Wealth Management LLC now owns 9,300 shares of the company’s stock valued at $686,000 after buying an additional 1,141 shares in the last quarter. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Analysts Set New Price Targets

LBRDK has been the topic of a number of research reports. StockNews.com cut Liberty Broadband from a “hold” rating to a “sell” rating in a report on Friday, November 18th. Morgan Stanley raised their price objective on Liberty Broadband from $89.00 to $93.00 and gave the company an “equal weight” rating in a report on Monday, November 7th. Finally, Citigroup lifted their price target on Liberty Broadband to $99.00 in a research note on Friday, November 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $151.80.

Insider Transactions at Liberty Broadband

In other news, Director Richard R. Green sold 3,270 shares of Liberty Broadband stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $90.79, for a total value of $296,883.30. Following the sale, the director now directly owns 8,814 shares in the company, valued at approximately $800,223.06. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 10.80% of the company’s stock.

Liberty Broadband Price Performance

Shares of Liberty Broadband stock opened at $87.78 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.02 and a quick ratio of 2.02. The business’s 50 day simple moving average is $83.09 and its two-hundred day simple moving average is $93.88. The stock has a market capitalization of $13.02 billion, a P/E ratio of 9.98 and a beta of 1.13. Liberty Broadband Co. has a one year low of $68.67 and a one year high of $155.98.

Liberty Broadband (NASDAQ:LBRDKGet Rating) last issued its quarterly earnings data on Friday, November 4th. The company reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.32. The firm had revenue of $248.00 million for the quarter, compared to analyst estimates of $250.03 million. Liberty Broadband had a return on equity of 15.70% and a net margin of 150.48%. Analysts forecast that Liberty Broadband Co. will post 8.47 EPS for the current year.

Liberty Broadband Company Profile

(Get Rating)

Liberty Broadband Corporation engages in the communications businesses. It operates through GCI Holdings and Charter segments. The GCI Holdings segment provides a range of wireless, data, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions primarily in Alaska under the GCI brand.

Featured Articles

Institutional Ownership by Quarter for Liberty Broadband (NASDAQ:LBRDK)

Receive News & Ratings for Liberty Broadband Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Broadband and related companies with MarketBeat.com's FREE daily email newsletter.