Hyperion Capital Advisors LP Has $7.16 Million Stock Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Hyperion Capital Advisors LP trimmed its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 3.3% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 92,645 shares of the company’s stock after selling 3,151 shares during the quarter. Liberty Broadband comprises approximately 3.4% of Hyperion Capital Advisors LP’s portfolio, making the stock its 9th biggest position. Hyperion Capital Advisors LP owned about 0.06% of Liberty Broadband worth $7,161,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Baupost Group LLC MA bought a new stake in Liberty Broadband during the 3rd quarter valued at approximately $13,186,000. Glenmede Trust Co. NA raised its stake in Liberty Broadband by 21.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 30,989 shares of the company’s stock valued at $2,395,000 after purchasing an additional 5,386 shares during the period. BNP Paribas Financial Markets increased its stake in Liberty Broadband by 148.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 250,052 shares of the company’s stock worth $19,327,000 after acquiring an additional 149,280 shares during the last quarter. Brooklyn Investment Group bought a new stake in Liberty Broadband in the 3rd quarter worth approximately $82,000. Finally, FMR LLC increased its stake in Liberty Broadband by 104.4% in the 3rd quarter. FMR LLC now owns 563,964 shares of the company’s stock worth $43,589,000 after acquiring an additional 288,078 shares during the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Price Performance

LBRDK opened at $84.38 on Thursday. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $101.50. The business has a fifty day moving average of $82.56 and a 200 day moving average of $66.14. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock has a market cap of $12.05 billion, a P/E ratio of 15.54 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). The company had revenue of $262.00 million during 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 last year, the company earned $1.10 earnings per share. As a group, sell-side analysts anticipate that Liberty Broadband Co. will post 6.72 EPS for the current year.

Insider Activity

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 stock was sold at an average price of $75.84, for a total transaction of $167,454.72. Following the transaction, the chief accounting officer now directly owns 11,054 shares in the company, valued at $838,335.36. This represents a 16.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,673 shares of company stock worth $509,688 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LBRDK. StockNews.com began coverage on Liberty Broadband in a research note on Thursday, November 21st. They issued a “sell” rating on the stock. Rosenblatt Securities boosted their target price on Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th.

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.