Walleye Capital LLC Takes $2.25 Million Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Walleye Capital LLC bought a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 29,155 shares of the company’s stock, valued at approximately $2,253,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Baupost Group LLC MA bought a new stake in shares of Liberty Broadband during the 3rd quarter valued at about $13,186,000. Glenmede Trust Co. NA raised its stake in Liberty Broadband by 21.0% in the third 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 in the last quarter. BNP Paribas Financial Markets lifted its position in Liberty Broadband by 148.1% during the third quarter. BNP Paribas Financial Markets now owns 250,052 shares of the company’s stock valued at $19,327,000 after purchasing an additional 149,280 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Liberty Broadband in the 3rd quarter worth $82,000. Finally, FMR LLC raised its position in shares of Liberty Broadband by 104.4% during the 3rd quarter. FMR LLC now owns 563,964 shares of the company’s stock valued at $43,589,000 after buying an additional 288,078 shares in the last quarter. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on LBRDK. StockNews.com initiated coverage on Liberty Broadband in a research note on Friday, November 29th. They issued a “sell” rating on the stock. Rosenblatt Securities increased their price objective on Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th.

Liberty Broadband Price Performance

LBRDK stock opened at $85.81 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market cap of $12.26 billion, a P/E ratio of 15.80 and a beta of 1.02. The firm’s fifty day moving average is $84.17 and its 200 day moving average is $67.12. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.99 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 analysts’ expectations 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 prior year, the firm posted $1.10 EPS. Research analysts predict that Liberty Broadband Co. will post 6.72 earnings per share for the current year.

Insider Buying and Selling at Liberty Broadband

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the company’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 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. This represents a 16.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of the business’s stock in a transaction that occurred on 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 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. Over the last 90 days, insiders sold 6,673 shares of company stock worth $509,688. 10.80% of the stock is currently owned by insiders.

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.