Empirical Asset Management LLC Makes New Investment in Liberty Broadband Co. (NASDAQ:LBRDK)

Empirical Asset Management LLC acquired a new stake in Liberty Broadband Co. (NASDAQ:LBRDK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 51,062 shares of the company’s stock, valued at approximately $3,817,000.

A number of other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company boosted its position in Liberty Broadband by 0.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company’s stock worth $2,101,000 after purchasing an additional 125 shares during the period. Capital Advisors Ltd. LLC boosted its position in shares of Liberty Broadband by 75.8% in the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock worth $34,000 after buying an additional 191 shares during the period. GAMMA Investing LLC grew its stake in shares of Liberty Broadband by 200.7% in the third quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock valued at $33,000 after buying an additional 283 shares in the last quarter. Groupama Asset Managment purchased a new stake in shares of Liberty Broadband during the 3rd quarter valued at about $25,000. Finally, Quarry LP purchased a new stake in shares of Liberty Broadband during the 3rd quarter valued at about $28,000. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Liberty Broadband Stock Down 0.1 %

Shares of Liberty Broadband stock opened at $75.85 on Friday. Liberty Broadband Co. has a 1-year low of $46.46 and a 1-year high of $101.50. The company has a market capitalization of $10.84 billion, a PE ratio of 13.97 and a beta of 1.04. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The business has a 50-day moving average of $82.33 and a 200-day moving average of $72.71.

Liberty Broadband (NASDAQ:LBRDK) last issued 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 net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $262.00 million for the quarter, compared to analyst estimates of $237.41 million. During the same quarter last year, the business earned $1.10 EPS. As a group, equities analysts forecast that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.

Insider Transactions at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 125,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the transaction, the chief executive officer now directly 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 SEC, which is available through this hyperlink. In the last 90 days, insiders sold 196,542 shares of company stock valued at $15,834,108. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Liberty Broadband in a research report on Thursday. They issued a “sell” rating for the company.

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.