Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC trimmed its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,916 shares of the company’s stock after selling 394 shares during the quarter. Headlands Technologies LLC’s holdings in Liberty Broadband were worth $638,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC boosted its holdings in Liberty Broadband by 6.1% during the third quarter. CWM LLC now owns 1,957 shares of the company’s stock worth $179,000 after buying an additional 112 shares in the last quarter. Oak Thistle LLC purchased a new stake in Liberty Broadband during the third quarter worth about $464,000. Asset Management One Co. Ltd. lifted its holdings in shares of Liberty Broadband by 8.4% in the third quarter. Asset Management One Co. Ltd. now owns 53,214 shares of the company’s stock valued at $4,860,000 after purchasing an additional 4,116 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Liberty Broadband by 9.0% in the third quarter. Handelsbanken Fonder AB now owns 19,481 shares of the company’s stock valued at $1,779,000 after purchasing an additional 1,602 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Liberty Broadband by 101.2% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 16,300 shares of the company’s stock valued at $1,489,000 after purchasing an additional 8,200 shares in the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director J David Wargo sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $57.33, for a total transaction of $630,630.00. Following the completion of the transaction, the director now owns 106,332 shares of the company’s stock, valued at $6,096,013.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 45,000 shares of company stock valued at $2,435,830. Insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Separately, Citigroup reduced their price target on shares of Liberty Broadband from $108.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th.

Liberty Broadband Trading Down 0.3 %

Shares of NASDAQ:LBRDK traded down $0.14 during trading on Friday, reaching $49.25. The stock had a trading volume of 2,276,941 shares, compared to its average volume of 1,054,720. The business has a fifty day moving average price of $55.23 and a 200-day moving average price of $71.05. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.42. The stock has a market cap of $7.04 billion, a P/E ratio of 10.55 and a beta of 0.95. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $95.68.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings data on Friday, February 16th. The company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $2.62 by ($1.23). The firm had revenue of $250.00 million during the quarter, compared to analyst estimates of $227.82 million. Liberty Broadband had a net margin of 70.13% and a return on equity of 7.76%. As a group, analysts anticipate that Liberty Broadband Co. will post 10.14 earnings per share for the current fiscal 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.