Liberty Broadband Co. (NASDAQ:LBRDK) Position Increased by abrdn plc

abrdn plc lifted its position in Liberty Broadband Co. (NASDAQ:LBRDK) by 101.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 40,221 shares of the company’s stock after buying an additional 20,257 shares during the quarter. abrdn plc’s holdings in Liberty Broadband were worth $3,241,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. CWM LLC raised its position in Liberty Broadband by 6.1% during the third quarter. CWM LLC now owns 1,957 shares of the company’s stock valued at $179,000 after buying an additional 112 shares during the period. Wahed Invest LLC increased its holdings in shares of Liberty Broadband by 9.4% in the 3rd quarter. Wahed Invest LLC now owns 1,835 shares of the company’s stock valued at $168,000 after purchasing an additional 157 shares during the period. Resonant Capital Advisors LLC lifted its position in shares of Liberty Broadband by 3.4% in the third quarter. Resonant Capital Advisors LLC now owns 5,254 shares of the company’s stock worth $480,000 after purchasing an additional 174 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Liberty Broadband by 2.8% during the third quarter. Daiwa Securities Group Inc. now owns 7,245 shares of the company’s stock worth $662,000 after purchasing an additional 200 shares during the period. Finally, Treasurer of the State of North Carolina grew its position in Liberty Broadband by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 52,654 shares of the company’s stock valued at $4,808,000 after purchasing an additional 230 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Liberty Broadband Stock Down 0.3 %

LBRDK opened at $49.25 on Monday. The company has a market capitalization of $7.04 billion, a PE ratio of 10.55 and a beta of 0.95. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.42 and a quick ratio of 2.42. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $95.68. The business has a 50-day moving average of $55.23 and a 200-day moving average of $70.75.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings data on Friday, February 16th. The company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $2.62 by ($1.23). The firm had revenue of $250.00 million during the quarter, compared to analyst estimates of $227.82 million. Liberty Broadband had a return on equity of 7.76% and a net margin of 70.13%. Equities research analysts forecast that Liberty Broadband Co. will post 10.14 EPS for the current fiscal year.

Insider Transactions at Liberty Broadband

In related news, Director J David Wargo sold 11,000 shares of Liberty Broadband stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $57.33, for a total value of $630,630.00. Following the completion of the sale, the director now owns 106,332 shares of the company’s stock, valued at approximately $6,096,013.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 45,000 shares of company stock worth $2,435,830 in the last 90 days. 10.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Citigroup dropped their price objective on shares of Liberty Broadband from $108.00 to $83.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th.

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.