Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its position in Liberty Broadband Co. (NASDAQ:LBRDK) by 4.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,432 shares of the company’s stock after selling 1,932 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Liberty Broadband were worth $3,125,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Groupama Asset Managment acquired a new position in shares of Liberty Broadband during the 3rd quarter valued at $25,000. Quarry LP purchased a new position in Liberty Broadband in the third quarter valued at about $28,000. GAMMA Investing LLC lifted its stake in shares of Liberty Broadband by 200.7% during the third quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after purchasing an additional 283 shares in the last quarter. Capital Advisors Ltd. LLC boosted its position in shares of Liberty Broadband by 75.8% in the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock worth $34,000 after buying an additional 191 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in shares of Liberty Broadband in the third quarter valued at about $82,000. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Broadband Stock Down 0.5 %

Shares of Liberty Broadband stock opened at $81.98 on Tuesday. 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 Co. has a 1-year low of $46.46 and a 1-year high of $101.50. The business has a 50-day moving average of $85.20 and a 200-day moving average of $69.10. The company has a market capitalization of $11.71 billion, a PE ratio of 15.10 and a beta of 1.02.

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

Insider Activity at Liberty Broadband

In other 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 value of $338,624.88. Following the completion of the transaction, the insider now owns 3,670 shares in the company, valued at approximately $280,975.20. This trade represents a 54.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brian J. Wendling sold 2,208 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 11,054 shares in the company, valued at approximately $838,335.36. This represents a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,673 shares of company stock valued at $509,688 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Liberty Broadband in a report on Sunday. They issued a “sell” rating for the company.

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.