Baupost Group LLC MA Acquires New Position in Liberty Broadband Co. (NASDAQ:LBRDA)

Baupost Group LLC MA bought a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,560 shares of the company’s stock, valued at approximately $581,000. Liberty Broadband comprises about 0.0% of Baupost Group LLC MA’s investment portfolio, making the stock its 20th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. American National Bank & Trust purchased a new position in Liberty Broadband in the 3rd quarter worth $32,000. GAMMA Investing LLC increased its holdings in shares of Liberty Broadband by 161.8% in the third quarter. GAMMA Investing LLC now owns 631 shares of the company’s stock valued at $48,000 after purchasing an additional 390 shares during the period. CWM LLC raised its stake in shares of Liberty Broadband by 112.6% in the second quarter. CWM LLC now owns 1,352 shares of the company’s stock worth $74,000 after purchasing an additional 716 shares during the last quarter. Glenmede Trust Co. NA raised its stake in shares of Liberty Broadband by 116.6% in the third quarter. Glenmede Trust Co. NA now owns 990 shares of the company’s stock worth $76,000 after purchasing an additional 533 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Liberty Broadband during the third quarter worth about $79,000. 10.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were 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 in the company, valued at approximately $838,335.36. This represents a 16.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $338,624.88. Following the transaction, the insider now directly owns 3,670 shares in the company, valued at approximately $280,975.20. The trade was a 54.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,673 shares of company stock worth $509,688. Company insiders own 14.19% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Rosenblatt Securities lowered shares of Liberty Broadband from a “buy” rating to a “neutral” rating and raised their price target for the stock from $91.00 to $92.00 in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $95.00 target price (up previously from $90.00) on shares of Liberty Broadband in a report on Friday, November 15th.

Liberty Broadband Stock Down 0.2 %

Shares of LBRDA stock opened at $84.81 on Wednesday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a twelve month low of $47.17 and a twelve month high of $100.44. The stock has a 50 day moving average of $81.51 and a 200 day moving average of $65.47. The stock has a market cap of $12.12 billion, a P/E ratio of 15.62 and a beta of 1.04.

Liberty Broadband (NASDAQ:LBRDA) last posted its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.66). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $262.00 million for the quarter, compared to analysts’ expectations of $242.40 million. During the same period last year, the firm earned $1.10 earnings per share.

About Liberty Broadband

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.