US Bancorp DE Purchases 700 Shares of Liberty Broadband Co. (NASDAQ:LBRDA)

US Bancorp DE boosted its stake in Liberty Broadband Co. (NASDAQ:LBRDA) by 19.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,314 shares of the company’s stock after purchasing an additional 700 shares during the period. US Bancorp DE’s holdings in Liberty Broadband were worth $331,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. American National Bank & Trust acquired a new stake in shares of Liberty Broadband during the third quarter worth $32,000. GAMMA Investing LLC increased its position in shares of Liberty Broadband by 161.8% during the third quarter. GAMMA Investing LLC now owns 631 shares of the company’s stock worth $48,000 after buying an additional 390 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Liberty Broadband during the first quarter worth $49,000. CWM LLC increased its position in shares of Liberty Broadband by 112.6% during the second quarter. CWM LLC now owns 1,352 shares of the company’s stock worth $74,000 after buying an additional 716 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Liberty Broadband during the third quarter worth $79,000. Institutional investors own 10.29% of the company’s stock.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDA opened at $96.75 on Wednesday. The company has a 50 day moving average of $75.29 and a 200 day moving average of $62.67. The stock has a market cap of $13.82 billion, a P/E ratio of 18.01 and a beta of 1.04. Liberty Broadband Co. has a 12 month low of $47.17 and a 12 month high of $100.44. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.39.

Liberty Broadband (NASDAQ:LBRDA) last announced its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.66). The company had revenue of $262.00 million for the quarter, compared to the consensus estimate of $242.40 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.53%. During the same quarter in the previous year, the firm earned $1.10 earnings per share.

Insider Buying and Selling at Liberty Broadband

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 completion of the transaction, the chief accounting officer now directly owns 11,054 shares in the company, valued at $838,335.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Brian J. Wendling sold 2,208 shares of the firm’s stock in a transaction that occurred 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 owns 11,054 shares of the company’s stock, valued at approximately $838,335.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $338,624.88. Following the transaction, the insider now directly owns 3,670 shares in the company, valued at $280,975.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 14.19% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Liberty Broadband from $104.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 16th.

Liberty Broadband Company 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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.