HighTower Advisors LLC Sells 1,416 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

HighTower Advisors LLC lessened its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 15.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,747 shares of the company’s stock after selling 1,416 shares during the period. HighTower Advisors LLC’s holdings in Liberty Broadband were worth $600,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Hi Line Capital Management LLC grew its holdings in shares of Liberty Broadband by 498.4% during the third quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company’s stock worth $10,902,000 after buying an additional 117,483 shares in the last quarter. Bank of Montreal Can boosted its position in Liberty Broadband by 172.6% during the 2nd quarter. Bank of Montreal Can now owns 258,212 shares of the company’s stock worth $14,173,000 after acquiring an additional 163,502 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Liberty Broadband during the 3rd quarter worth approximately $861,000. Commonwealth Equity Services LLC acquired a new stake in shares of Liberty Broadband in the second quarter valued at approximately $602,000. Finally, Logan Stone Capital LLC lifted its position in shares of Liberty Broadband by 1,134.1% in the second quarter. Logan Stone Capital LLC now owns 126,443 shares of the company’s stock worth $6,932,000 after purchasing an additional 116,197 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Liberty Broadband in a research report on Sunday, December 15th. They issued a “sell” rating for the company.

Liberty Broadband Stock Down 0.5 %

LBRDK stock opened at $77.42 on Friday. The company has a market cap of $11.06 billion, a price-to-earnings ratio of 14.26 and a beta of 1.02. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $101.50. The business has a 50 day moving average price of $85.16 and a two-hundred day moving average price of $69.40. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $2.68 by ($1.69). The company had revenue of $262.00 million during the quarter, compared to analyst estimates of $237.41 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same period in the previous year, the company posted $1.10 EPS. Analysts anticipate that Liberty Broadband Co. will post 6.72 EPS for the current fiscal year.

Insider Activity

In related news, CEO Gregory B. Maffei sold 125,000 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total value of $9,967,500.00. Following the sale, the chief executive officer now owns 1,435,256 shares in the company, valued at approximately $114,447,313.44. This represents a 8.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total transaction of $167,454.72. Following the transaction, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at approximately $838,335.36. This trade represents a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 203,173 shares of company stock valued at $16,340,188 in the last quarter. Company insiders own 10.80% of the company’s stock.

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.