Liberty Broadband Corporation $LBRDK Shares Sold by Cheviot Value Management LLC

Cheviot Value Management LLC cut its stake in Liberty Broadband Corporation (NASDAQ:LBRDK) by 14.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,480 shares of the company’s stock after selling 20,173 shares during the quarter. Liberty Broadband makes up approximately 0.8% of Cheviot Value Management LLC’s portfolio, making the stock its 26th largest holding. Cheviot Value Management LLC owned approximately 0.08% of Liberty Broadband worth $7,338,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new position in shares of Liberty Broadband during the third quarter valued at approximately $1,276,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Liberty Broadband during the third quarter worth approximately $163,000. Wolverine Asset Management LLC increased its position in shares of Liberty Broadband by 22.5% during the third quarter. Wolverine Asset Management LLC now owns 40,813 shares of the company’s stock worth $2,593,000 after purchasing an additional 7,506 shares in the last quarter. Quent Capital LLC purchased a new position in Liberty Broadband in the 3rd quarter valued at $53,000. Finally, Forum Financial Management LP lifted its holdings in Liberty Broadband by 9.3% in the 3rd quarter. Forum Financial Management LP now owns 5,288 shares of the company’s stock valued at $336,000 after purchasing an additional 449 shares in the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Liberty Broadband

In related news, Director J David Wargo sold 2,889 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $47.10, for a total value of $136,071.90. Following the transaction, the director directly owned 31,542 shares in the company, valued at approximately $1,485,628.20. This represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 10.80% of the company’s stock.

Liberty Broadband Stock Down 0.7%

NASDAQ LBRDK opened at $44.62 on Friday. The business’s fifty day simple moving average is $47.12 and its 200-day simple moving average is $57.70. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.19. The firm has a market cap of $6.40 billion, a PE ratio of 8.08 and a beta of 0.99. Liberty Broadband Corporation has a 52 week low of $42.81 and a 52 week high of $104.00.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings data on Wednesday, November 5th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.57. The firm had revenue of $257.00 million during the quarter, compared to analysts’ expectations of $267.70 million. Liberty Broadband had a net margin of 105.04% and a return on equity of 12.23%. As a group, equities analysts anticipate that Liberty Broadband Corporation will post 7.71 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on LBRDK shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Liberty Broadband in a research report on Monday, December 29th. Wall Street Zen cut shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Liberty Broadband Profile

Liberty Broadband Corporation is a publicly traded holding company that principally invests in broadband and cable businesses. Established in 2014 as a spin-off from Liberty Interactive Corporation, the company was designed to provide investors with targeted exposure to high-growth broadband assets. Headquartered in Englewood, Colorado, Liberty Broadband uses a tracking-stock structure to reflect the performance of its key investments rather than operating a stand-alone service business.

The company’s primary asset is its substantial equity interest in Charter Communications, one of the largest cable and broadband providers in the United States.