Dimensional Fund Advisors LP Sells 48,355 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Dimensional Fund Advisors LP lessened its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK – Get Rating) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,126,510 shares of the company’s stock after selling 48,355 shares during the quarter. Dimensional Fund Advisors LP owned 0.76% of Liberty Broadband worth $85,918,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System lifted its position in shares of Liberty Broadband by 2.1% during the third quarter. State Board of Administration of Florida Retirement System now owns 151,671 shares of the company’s stock valued at $11,193,000 after purchasing an additional 3,074 shares in the last quarter. ETF Managers Group LLC increased its position in shares of Liberty Broadband by 4.0% during the 3rd quarter. ETF Managers Group LLC now owns 5,063 shares of the company’s stock valued at $374,000 after purchasing an additional 195 shares during the last quarter. Wittenberg Investment Management Inc. raised its stake in shares of Liberty Broadband by 12.6% during the 4th quarter. Wittenberg Investment Management Inc. now owns 48,094 shares of the company’s stock worth $3,668,000 after purchasing an additional 5,386 shares during the period. UBS Asset Management Americas Inc. grew its position in Liberty Broadband by 5.9% during the third quarter. UBS Asset Management Americas Inc. now owns 689,310 shares of the company’s stock valued at $50,871,000 after buying an additional 38,625 shares during the period. Finally, Whitebox Advisors LLC increased its holdings in Liberty Broadband by 55.3% during the third quarter. Whitebox Advisors LLC now owns 417,083 shares of the company’s stock worth $30,781,000 after buying an additional 148,495 shares during the last quarter. Institutional investors and hedge funds own 76.81% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on LBRDK shares. Rosenblatt Securities reduced their target price on shares of Liberty Broadband from $133.00 to $132.00 and set a “buy” rating for the company in a research report on Friday, February 24th. Pivotal Research decreased their target price on Liberty Broadband from $150.00 to $138.00 in a research report on Wednesday, May 3rd. TD Securities dropped their price target on Liberty Broadband from $175.00 to $160.00 and set a “buy” rating on the stock in a research report on Tuesday, February 21st. StockNews.com initiated coverage on Liberty Broadband in a report on Thursday, May 18th. They issued a “sell” rating for the company. Finally, Citigroup upped their price objective on shares of Liberty Broadband from $111.00 to $115.00 and gave the company a “buy” rating in a report on Friday, March 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Liberty Broadband has an average rating of “Hold” and an average price target of $127.60.

Insider Buying and Selling

In related news, CAO Brian J. Wendling sold 6,419 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $77.59, for a total value of $498,050.21. Following the sale, the chief accounting officer now directly owns 12,274 shares of the company’s stock, valued at $952,339.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 10.80% of the stock is owned by company insiders.

Liberty Broadband Stock Down 1.7 %

Shares of NASDAQ LBRDK opened at $76.63 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.44. The company has a market cap of $11.20 billion, a P/E ratio of 11.52 and a beta of 1.12. Liberty Broadband Co. has a 52 week low of $68.67 and a 52 week high of $126.62. The business has a 50-day simple moving average of $78.98 and a two-hundred day simple moving average of $83.49.

Liberty Broadband (NASDAQ:LBRDK – Get Rating) last released its quarterly earnings data on Tuesday, May 2nd. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($1.32). The firm had revenue of $246.00 million during the quarter, compared to the consensus estimate of $243.00 million. Liberty Broadband had a net margin of 104.48% and a return on equity of 11.84%. Research analysts anticipate that Liberty Broadband Co. will post 7.98 earnings per share for the current fiscal year.

Liberty Broadband Company Profile

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Liberty Broadband Corp. operates as a holding company, which engages in the cable, broadband and mobile location technology businesses. It operates through its subsidiaries, Charter Communications, Inc and TruePosition, Inc The company was founded on March 28, 1991, and is headquartered in Englewood, CO.