Quarry LP Invests $28,000 in Liberty Broadband Co. (NASDAQ:LBRDK)

Quarry LP bought a new stake in Liberty Broadband Co. (NASDAQ:LBRDK) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 361 shares of the company’s stock, valued at approximately $28,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LBRDK. GAMMA Investing LLC lifted its stake in 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 last quarter. Capital Advisors Ltd. LLC grew its holdings in shares of Liberty Broadband by 75.8% during the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after buying an additional 191 shares during the last quarter. Brooklyn Investment Group bought a new stake in Liberty Broadband in the third quarter worth about $82,000. CWM LLC increased its stake in shares of Liberty Broadband by 163.7% in the second quarter. CWM LLC now owns 2,255 shares of the company’s stock worth $124,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Innealta Capital LLC purchased a new position in Liberty Broadband during the second quarter valued at approximately $153,000. 80.22% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband stock in a transaction that occurred 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 transaction, the insider now owns 3,670 shares of the company’s stock, valued at $280,975.20. The trade was a 54.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the sale, the chief accounting officer now owns 11,054 shares in the company, valued at approximately $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. Insiders sold a total of 6,673 shares of company stock worth $509,688 over the last 90 days. 10.80% of the stock is owned by insiders.

Liberty Broadband Price Performance

Shares of LBRDK stock opened at $83.31 on Friday. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. The firm has a market capitalization of $11.90 billion, a price-to-earnings ratio of 15.34 and a beta of 1.02. 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 stock’s 50-day simple moving average is $84.90 and its 200-day simple moving average is $68.33.

Liberty Broadband (NASDAQ:LBRDK) last posted 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 firm had revenue of $262.00 million during the quarter, compared to analyst estimates of $237.41 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same period in the prior year, the company posted $1.10 earnings per share. As a group, equities analysts forecast that Liberty Broadband Co. will post 6.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a research note on Saturday, December 7th. 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.