Brooklyn Investment Group Takes Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Brooklyn Investment Group bought a new position in Liberty Broadband Co. (NASDAQ:LBRDK) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,058 shares of the company’s stock, valued at approximately $82,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LBRDK. Comerica Bank raised its position in Liberty Broadband by 33.4% during the first quarter. Comerica Bank now owns 26,011 shares of the company’s stock valued at $1,489,000 after purchasing an additional 6,511 shares during the period. Wahed Invest LLC raised its holdings in Liberty Broadband by 14.2% during the 1st quarter. Wahed Invest LLC now owns 2,266 shares of the company’s stock valued at $130,000 after buying an additional 281 shares during the period. DekaBank Deutsche Girozentrale lifted its position in Liberty Broadband by 1.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 16,199 shares of the company’s stock worth $919,000 after buying an additional 302 shares during the last quarter. Versant Capital Management Inc lifted its position in Liberty Broadband by 4,888.9% in the second quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock worth $25,000 after buying an additional 440 shares during the last quarter. Finally, Beach Investment Counsel Inc. PA purchased a new position in Liberty Broadband during the second quarter worth $36,000. 80.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. StockNews.com started coverage on Liberty Broadband in a research note on Friday. They set a “sell” rating for the company. Rosenblatt Securities lifted their target price on Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th.

Insider Buying and Selling

In other news, CAO Brian J. Wendling sold 2,208 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total transaction 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 $838,335.36. This represents a 16.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the transaction, the insider now owns 3,670 shares in the company, valued at $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. Corporate insiders own 10.80% of the company’s stock.

Liberty Broadband Trading Down 1.1 %

NASDAQ LBRDK opened at $84.38 on Friday. The company has a fifty day moving average of $83.02 and a 200 day moving average of $66.27. The company has a market capitalization of $12.05 billion, a PE ratio of 15.54 and a beta of 1.02. 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 1 year low of $46.46 and a 1 year high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($1.69). The company had revenue of $262.00 million for the quarter, compared to analysts’ expectations of $237.41 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 business posted $1.10 earnings per share. Research analysts forecast 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.