Janus Henderson Group PLC Reduces Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

Janus Henderson Group PLC lowered its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 19.2% during the third quarter, HoldingsChannel reports. The fund owned 49,400 shares of the company’s stock after selling 11,735 shares during the period. Janus Henderson Group PLC’s holdings in Liberty Broadband were worth $3,820,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in LBRDK. CWM LLC increased its holdings in shares of Liberty Broadband by 163.7% in the 2nd quarter. CWM LLC now owns 2,255 shares of the company’s stock valued at $124,000 after acquiring an additional 1,400 shares during the last quarter. Red Door Wealth Management LLC boosted its position in shares of Liberty Broadband by 95.8% in the 2nd quarter. Red Door Wealth Management LLC now owns 7,971 shares of the company’s stock valued at $437,000 after purchasing an additional 3,900 shares during the period. Clear Harbor Asset Management LLC acquired a new stake in shares of Liberty Broadband in the 2nd quarter valued at about $839,000. Assenagon Asset Management S.A. boosted its position in shares of Liberty Broadband by 426.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,397,069 shares of the company’s stock valued at $76,587,000 after purchasing an additional 1,131,743 shares during the period. Finally, GAM Holding AG boosted its position in shares of Liberty Broadband by 87.4% in the 2nd quarter. GAM Holding AG now owns 15,000 shares of the company’s stock valued at $822,000 after purchasing an additional 6,997 shares during the period. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Insider Activity

In other news, insider Renee L. Wilm sold 4,423 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 3,670 shares of the company’s stock, valued at $280,975.20. This trade represents a 54.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the sale, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at $838,335.36. This represents a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 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.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on LBRDK shares. StockNews.com started coverage on Liberty Broadband in a research report on Saturday. They issued a “sell” rating for the company. Rosenblatt Securities increased their price objective on 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 3.3 %

Liberty Broadband stock opened at $80.89 on Wednesday. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $101.50. The stock has a 50 day moving average of $84.82 and a two-hundred day moving average of $68.03. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $11.56 billion, a price-to-earnings ratio of 14.90 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the business posted $1.10 earnings per share. As a group, research analysts expect that Liberty Broadband Co. will post 6.72 earnings per share 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.