JPMorgan Chase & Co. Acquires 1,352 Shares of Liberty Broadband Co. (NASDAQ:LBRDA)

JPMorgan Chase & Co. boosted its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDA) by 10.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,578 shares of the company’s stock after buying an additional 1,352 shares during the quarter. JPMorgan Chase & Co.’s holdings in Liberty Broadband were worth $1,120,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in LBRDA. FMR LLC grew its stake in Liberty Broadband by 1.0% in the 3rd quarter. FMR LLC now owns 2,761,528 shares of the company’s stock valued at $212,141,000 after buying an additional 26,241 shares during the last quarter. Seizert Capital Partners LLC grew its position in shares of Liberty Broadband by 3.3% in the third quarter. Seizert Capital Partners LLC now owns 394,418 shares of the company’s stock valued at $30,299,000 after purchasing an additional 12,515 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Liberty Broadband by 38.3% in the second quarter. Dimensional Fund Advisors LP now owns 376,293 shares of the company’s stock worth $20,544,000 after purchasing an additional 104,268 shares during the period. Long Focus Capital Management LLC lifted its position in shares of Liberty Broadband by 61.9% during the 2nd quarter. Long Focus Capital Management LLC now owns 370,100 shares of the company’s stock worth $20,207,000 after purchasing an additional 141,500 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Liberty Broadband during the 3rd quarter worth about $6,402,000. Institutional investors and hedge funds own 10.29% of the company’s stock.

Insider Buying and Selling at Liberty Broadband

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the completion of the transaction, the chief executive officer now owns 1,435,256 shares in the company, valued at $114,447,313.44. This trade represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 196,542 shares of company stock valued at $15,834,108 in the last 90 days. 14.19% of the stock is currently owned by company insiders.

Liberty Broadband Trading Up 2.2 %

Shares of LBRDA opened at $80.55 on Friday. The stock’s 50-day moving average price is $79.46 and its 200 day moving average price is $72.78. 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 firm has a market capitalization of $11.51 billion, a price-to-earnings ratio of 14.83 and a beta of 1.06. Liberty Broadband Co. has a 12-month low of $47.17 and a 12-month high of $100.44.

Liberty Broadband (NASDAQ:LBRDA) 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 $1.65 by ($0.66). The firm had revenue of $262.00 million for the quarter, compared to the consensus estimate of $242.40 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same quarter in the prior year, the firm posted $1.10 earnings per share.

Analyst Upgrades and Downgrades

LBRDA has been the topic of several recent analyst reports. Rosenblatt Securities downgraded Liberty Broadband from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $91.00 to $92.00 in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $95.00 target price (up previously from $90.00) on shares of Liberty Broadband in a research report on Friday, November 15th.

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. 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.