Liberty Broadband Co. (NASDAQ:LBRDA) Shares Acquired by Glenmede Trust Co. NA

Glenmede Trust Co. NA boosted its stake in Liberty Broadband Co. (NASDAQ:LBRDA) by 116.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 990 shares of the company’s stock after purchasing an additional 533 shares during the period. Glenmede Trust Co. NA’s holdings in Liberty Broadband were worth $76,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in LBRDA. American National Bank & Trust acquired a new position in shares of Liberty Broadband during the third quarter worth $32,000. GAMMA Investing LLC boosted its stake in shares of Liberty Broadband by 161.8% in the third quarter. GAMMA Investing LLC now owns 631 shares of the company’s stock valued at $48,000 after purchasing an additional 390 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Liberty Broadband in the third quarter valued at $79,000. CWM LLC boosted its stake in shares of Liberty Broadband by 112.6% in the second quarter. CWM LLC now owns 1,352 shares of the company’s stock valued at $74,000 after purchasing an additional 716 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Liberty Broadband by 166,900.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,670 shares of the company’s stock valued at $91,000 after purchasing an additional 1,669 shares during the period. 10.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LBRDA has been the subject of several analyst reports. Rosenblatt Securities downgraded shares of Liberty Broadband from a “buy” rating to a “neutral” rating and upped their target price for the company from $91.00 to $92.00 in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $95.00 target price (up from $90.00) on shares of Liberty Broadband in a research note on Friday, November 15th.

Liberty Broadband Trading Down 0.2 %

LBRDA opened at $85.42 on Friday. The stock has a market capitalization of $12.20 billion, a PE ratio of 15.73 and a beta of 1.05. The firm’s fifty day moving average price is $84.05 and its 200 day moving average price is $66.82. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. Liberty Broadband Co. has a 12-month low of $47.17 and a 12-month high of $100.44.

Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly 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 during the quarter, compared to analyst estimates of $242.40 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same period in the prior year, the company earned $1.10 earnings per share.

Insiders Place Their Bets

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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction dated 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 sale, the insider now directly owns 3,670 shares in the company, valued at approximately $280,975.20. This trade represents a 54.65 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,673 shares of company stock valued at $509,688. Company insiders own 14.19% of the company’s stock.

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. 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.