Daiwa Securities Group Inc. Makes New Investment in Liberty Broadband Co. (NASDAQ:LBRDK)

Daiwa Securities Group Inc. purchased a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,085 shares of the company’s stock, valued at approximately $470,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LBRDK. Cerity Partners LLC grew its position in Liberty Broadband by 8.3% in the 3rd quarter. Cerity Partners LLC now owns 7,357 shares of the company’s stock valued at $569,000 after buying an additional 562 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Liberty Broadband by 63.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 940,168 shares of the company’s stock valued at $72,666,000 after acquiring an additional 366,614 shares in the last quarter. Commerce Bank increased its stake in shares of Liberty Broadband by 13.6% during the third quarter. Commerce Bank now owns 9,644 shares of the company’s stock valued at $745,000 after acquiring an additional 1,153 shares during the period. Holistic Financial Partners acquired a new position in shares of Liberty Broadband during the third quarter valued at approximately $245,000. Finally, LMR Partners LLP raised its holdings in Liberty Broadband by 949.6% during the third quarter. LMR Partners LLP now owns 125,452 shares of the company’s stock worth $9,696,000 after purchasing an additional 113,500 shares in the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LBRDK shares. StockNews.com began coverage on Liberty Broadband in a research report on Friday. They set a “sell” rating on the stock. Rosenblatt Securities boosted their price target on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th.

Liberty Broadband Stock Up 0.9 %

Shares of Liberty Broadband stock opened at $85.14 on Friday. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $101.50. The firm has a market capitalization of $12.16 billion, a PE ratio of 15.68 and a beta of 1.02. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock’s fifty day moving average is $83.52 and its 200-day moving average is $66.58.

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

Insider Buying and Selling at Liberty Broadband

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total transaction of $167,454.72. Following the completion of the sale, the chief accounting officer now owns 11,054 shares of the company’s stock, valued at $838,335.36. This trade represents a 16.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Renee L. Wilm sold 4,423 shares of the company’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 directly owns 3,670 shares in the company, valued at $280,975.20. This trade represents a 54.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,673 shares of company stock valued at $509,688 in the last three months. 10.80% of the stock is currently owned by company insiders.

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.