Bridgewater Associates LP Reduces Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Bridgewater Associates LP decreased its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 78.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,489 shares of the company’s stock after selling 86,089 shares during the quarter. Bridgewater Associates LP’s holdings in Liberty Broadband were worth $1,815,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its holdings in shares of Liberty Broadband by 148.1% during the third quarter. BNP Paribas Financial Markets now owns 250,052 shares of the company’s stock valued at $19,327,000 after acquiring an additional 149,280 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Liberty Broadband during the third quarter valued at $82,000. FMR LLC boosted its position in shares of Liberty Broadband by 104.4% during the third quarter. FMR LLC now owns 563,964 shares of the company’s stock valued at $43,589,000 after buying an additional 288,078 shares during the last quarter. Isomer Partners LP purchased a new stake in shares of Liberty Broadband during the third quarter valued at $20,095,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Liberty Broadband by 0.5% during the third quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company’s stock valued at $2,101,000 after buying an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Insider Activity at Liberty Broadband

In other news, CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was 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 of the company’s stock, valued at approximately $838,335.36. The trade was a 16.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $338,624.88. Following the completion of the transaction, the insider now directly owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. The trade was a 54.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,673 shares of company stock worth $509,688 in the last quarter. 10.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Rosenblatt Securities increased their price objective on Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. StockNews.com started coverage on Liberty Broadband in a research report on Friday. They issued a “sell” rating on the stock.

Liberty Broadband Stock Up 0.9 %

LBRDK stock opened at $85.14 on Monday. The business’s 50-day moving average price is $83.52 and its 200-day moving average price is $66.68. The stock has a market cap of $12.16 billion, a P/E ratio of 15.68 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 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). The firm had revenue of $262.00 million during the quarter, compared to the consensus estimate of $237.41 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same period in the previous year, the firm earned $1.10 EPS. On average, equities research analysts forecast that Liberty Broadband Co. will post 6.72 EPS for the current year.

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.