Capstone Investment Advisors LLC Takes $224,000 Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Capstone Investment Advisors LLC bought a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,903 shares of the company’s stock, valued at approximately $224,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc lifted its position in shares of Liberty Broadband by 4,888.9% during the 2nd quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock valued at $25,000 after acquiring an additional 440 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Liberty Broadband by 200.7% in the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock valued at $33,000 after purchasing an additional 283 shares during the period. Capital Advisors Ltd. LLC increased its stake in Liberty Broadband by 75.8% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock worth $34,000 after purchasing an additional 191 shares in the last quarter. Beach Investment Counsel Inc. PA acquired a new stake in Liberty Broadband during the 2nd quarter worth about $36,000. Finally, Mather Group LLC. lifted its stake in Liberty Broadband by 103.7% during the second quarter. Mather Group LLC. now owns 762 shares of the company’s stock valued at $44,000 after buying an additional 388 shares in the last quarter. 80.22% of the stock is currently owned by institutional investors.

Liberty Broadband Price Performance

NASDAQ LBRDK opened at $85.14 on Friday. The company has a 50 day simple moving average of $83.52 and a 200-day simple moving average of $66.58. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $101.50. The firm has a market capitalization of $12.16 billion, a price-to-earnings ratio of 15.68 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDK) last released its 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). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The company had revenue of $262.00 million during the quarter, compared to analysts’ expectations of $237.41 million. During the same quarter in the previous year, the company earned $1.10 EPS. Equities research analysts predict that Liberty Broadband Co. will post 6.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Brian J. Wendling sold 2,208 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at approximately $838,335.36. This trade represents a 16.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Renee L. Wilm sold 4,423 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 3,670 shares of the company’s stock, valued at approximately $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. Over the last quarter, insiders have sold 6,673 shares of company stock worth $509,688. Insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LBRDK shares. Rosenblatt Securities boosted their price target on shares of Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. StockNews.com began coverage on Liberty Broadband in a report on Friday. They issued a “sell” rating for the company.

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.