Natixis Advisors LLC Sells 38,373 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Natixis Advisors LLC lowered its position in Liberty Broadband Co. (NASDAQ:LBRDK) by 9.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 387,548 shares of the company’s stock after selling 38,373 shares during the period. Natixis Advisors LLC’s holdings in Liberty Broadband were worth $29,953,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Capital Advisors Ltd. LLC increased its holdings 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 purchasing an additional 191 shares during the period. Wahed Invest LLC increased its holdings in shares of Liberty Broadband by 14.2% in the first quarter. Wahed Invest LLC now owns 2,266 shares of the company’s stock worth $130,000 after purchasing an additional 281 shares during the period. GAMMA Investing LLC increased its holdings in shares of Liberty Broadband by 200.7% in the third quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after purchasing an additional 283 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in shares of Liberty Broadband by 1.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 16,199 shares of the company’s stock worth $919,000 after purchasing an additional 302 shares during the period. Finally, KBC Group NV increased its holdings in shares of Liberty Broadband by 6.9% in the third quarter. KBC Group NV now owns 5,893 shares of the company’s stock worth $455,000 after purchasing an additional 382 shares during the period. Institutional investors own 80.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of Liberty Broadband in a report on Wednesday, November 13th. They issued a “sell” rating on the stock. Rosenblatt Securities upped their target price on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th.

Liberty Broadband Stock Down 1.6 %

Shares of NASDAQ:LBRDK opened at $88.32 on Monday. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $101.50. The firm has a fifty day moving average of $78.50 and a 200 day moving average of $64.32. The firm has a market capitalization of $12.62 billion, a PE ratio of 16.27 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.

Liberty Broadband (NASDAQ:LBRDK) last announced its earnings results 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). 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 last year, the firm posted $1.10 earnings per share. As a group, research analysts anticipate that Liberty Broadband Co. will post 6.72 EPS for the current fiscal year.

Insider Buying and Selling at Liberty Broadband

In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $338,624.88. Following the completion of the sale, the insider now directly owns 3,670 shares in the company, valued at $280,975.20. This represents a 54.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $75.84, for a total transaction of $167,454.72. Following the sale, the chief accounting officer now owns 11,054 shares of the company’s stock, 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. Company insiders own 10.80% of the company’s stock.

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.