Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Scientech Research LLC

Scientech Research LLC cut its position in Liberty Broadband Co. (NASDAQ:LBRDK) by 8.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,373 shares of the company’s stock after selling 1,109 shares during the quarter. Scientech Research LLC’s holdings in Liberty Broadband were worth $623,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in Liberty Broadband by 4,888.9% during the 2nd quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock worth $25,000 after purchasing an additional 440 shares during the last quarter. Beach Investment Counsel Inc. PA bought a new stake in shares of Liberty Broadband in the second quarter worth $36,000. Mather Group LLC. raised its holdings in Liberty Broadband by 103.7% in the second quarter. Mather Group LLC. now owns 762 shares of the company’s stock valued at $44,000 after acquiring an additional 388 shares in the last quarter. UniSuper Management Pty Ltd boosted its stake in Liberty Broadband by 88.9% during the 1st quarter. UniSuper Management Pty Ltd now owns 1,700 shares of the company’s stock valued at $97,000 after acquiring an additional 800 shares during the last quarter. Finally, CWM LLC grew its holdings in Liberty Broadband by 163.7% during the 2nd quarter. CWM LLC now owns 2,255 shares of the company’s stock worth $124,000 after acquiring an additional 1,400 shares in the last quarter. 80.22% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the sale, the chief accounting officer now owns 11,054 shares of the company’s stock, valued at approximately $838,335.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total transaction of $338,624.88. Following the completion of the transaction, the insider now owns 3,670 shares in the company, valued at approximately $280,975.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the transaction, the chief accounting officer now directly owns 11,054 shares in the company, valued at $838,335.36. The disclosure for this sale can be found here. 10.80% of the stock is owned by company insiders.

Liberty Broadband Stock Up 3.6 %

Shares of NASDAQ:LBRDK opened at $78.14 on Friday. Liberty Broadband Co. has a 1-year low of $46.46 and a 1-year high of $95.53. The company’s fifty day moving average is $63.31 and its two-hundred day moving average is $56.56. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a market capitalization of $11.16 billion, a price-to-earnings ratio of 13.27 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last issued its earnings results on Thursday, August 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($1.15). The business had revenue of $246.00 million during the quarter, compared to the consensus estimate of $244.25 million. Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. During the same period in the prior year, the business earned $1.71 EPS. Equities analysts anticipate that Liberty Broadband Co. will post 9.05 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LBRDK. Rosenblatt Securities upped their target price on shares of Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Morgan Stanley upped their price objective on Liberty Broadband from $62.00 to $69.00 and gave the company an “equal weight” rating in a research note on Friday, July 19th.

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.