Seizert Capital Partners LLC Purchases 24,315 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Seizert Capital Partners LLC increased its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 20.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 143,768 shares of the company’s stock after buying an additional 24,315 shares during the period. Seizert Capital Partners LLC’s holdings in Liberty Broadband were worth $11,112,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LBRDK. Schneider Downs Wealth Management Advisors LP acquired a new position in Liberty Broadband during the third quarter worth approximately $209,000. CIBC Asset Management Inc acquired a new position in shares of Liberty Broadband during the 3rd quarter worth approximately $275,000. KBC Group NV raised its stake in Liberty Broadband by 6.9% in the 3rd quarter. KBC Group NV now owns 5,893 shares of the company’s stock valued at $455,000 after acquiring an additional 382 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in Liberty Broadband by 2.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 40,621 shares of the company’s stock valued at $3,140,000 after purchasing an additional 1,052 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in Liberty Broadband by 45.6% during the third quarter. Venturi Wealth Management LLC now owns 4,242 shares of the company’s stock worth $328,000 after purchasing an additional 1,328 shares during the period. 80.22% of the stock is owned by institutional investors.

Insider Activity at Liberty Broadband

In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of the firm’s stock in a transaction dated 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 directly owns 3,670 shares of the company’s stock, valued at $280,975.20. This trade represents a 54.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction that occurred 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 owns 11,054 shares of the company’s stock, valued at $838,335.36. The trade was a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LBRDK. StockNews.com started coverage on shares of Liberty Broadband in a research report on Wednesday. They issued a “sell” rating on the stock. Rosenblatt Securities raised their price objective on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th.

Liberty Broadband Stock Down 1.6 %

LBRDK stock opened at $88.32 on Friday. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. 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 stock has a market capitalization of $12.62 billion, a price-to-earnings ratio of 16.27 and a beta of 1.02. The business’s fifty day moving average price is $78.50 and its two-hundred day moving average price is $64.23.

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 the consensus estimate of $2.68 by ($1.69). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The business had revenue of $262.00 million during the quarter, compared to analyst estimates of $237.41 million. During the same quarter last year, the firm earned $1.10 EPS. On average, equities analysts anticipate that Liberty Broadband Co. will post 6.72 earnings per share for the current year.

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.