Bank of Montreal Can Has $21.54 Million Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Bank of Montreal Can boosted its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 6.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 275,606 shares of the company’s stock after purchasing an additional 17,394 shares during the period. Bank of Montreal Can owned 0.19% of Liberty Broadband worth $21,536,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hi Line Capital Management LLC raised its holdings in Liberty Broadband by 498.4% during the third quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company’s stock valued at $10,902,000 after buying an additional 117,483 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Liberty Broadband in the 3rd quarter valued at approximately $861,000. Commonwealth Equity Services LLC acquired a new stake in Liberty Broadband in the 2nd quarter worth approximately $602,000. Logan Stone Capital LLC boosted its position in Liberty Broadband by 1,134.1% during the second quarter. Logan Stone Capital LLC now owns 126,443 shares of the company’s stock worth $6,932,000 after purchasing an additional 116,197 shares during the period. Finally, Point72 Asset Management L.P. grew its holdings in Liberty Broadband by 39.5% during the second quarter. Point72 Asset Management L.P. now owns 190,369 shares of the company’s stock valued at $10,436,000 after purchasing an additional 53,869 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Analyst Ratings Changes

LBRDK has been the subject of a number of analyst reports. Rosenblatt Securities boosted their price objective on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. StockNews.com initiated coverage on shares of Liberty Broadband in a report on Friday. They issued a “sell” rating on the stock.

Insider Transactions at Liberty Broadband

In related news, CAO Brian J. Wendling sold 2,208 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the transaction, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at $838,335.36. This trade represents a 16.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total transaction of $338,624.88. Following the sale, the insider now owns 3,670 shares in the company, valued at $280,975.20. This represents a 54.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,673 shares of company stock worth $509,688. 10.80% of the stock is currently owned by company insiders.

Liberty Broadband Stock Performance

LBRDK opened at $85.14 on Friday. 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’s 50 day moving average price is $83.52 and its two-hundred day moving average price is $66.49. The firm has a market capitalization of $12.16 billion, a P/E ratio of 15.68 and a beta of 1.02. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($1.69). The company had revenue of $262.00 million during the quarter, compared to analyst estimates of $237.41 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same quarter in the previous year, the business posted $1.10 EPS. On average, equities analysts forecast that Liberty Broadband Co. will post 6.72 earnings per share for the current year.

Liberty Broadband Company 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.