Liberty Broadband Co. (NASDAQ:LBRDA) Shares Acquired by Seizert Capital Partners LLC

Seizert Capital Partners LLC increased its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDA) by 3.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 394,418 shares of the company’s stock after purchasing an additional 12,515 shares during the quarter. Seizert Capital Partners LLC owned 0.28% of Liberty Broadband worth $30,299,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. US Bancorp DE grew its stake in Liberty Broadband by 19.4% during the third quarter. US Bancorp DE now owns 4,314 shares of the company’s stock worth $331,000 after buying an additional 700 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in Liberty Broadband during the 3rd quarter worth $79,000. Signaturefd LLC increased its holdings in Liberty Broadband by 9.1% in the 3rd quarter. Signaturefd LLC now owns 2,119 shares of the company’s stock valued at $163,000 after purchasing an additional 177 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Liberty Broadband in the third quarter valued at about $203,000. Finally, Creative Planning lifted its stake in shares of Liberty Broadband by 48.5% during the third quarter. Creative Planning now owns 15,884 shares of the company’s stock worth $1,220,000 after purchasing an additional 5,186 shares in the last quarter. Hedge funds and other institutional investors own 10.29% of the company’s stock.

Liberty Broadband Stock Performance

NASDAQ:LBRDA opened at $87.64 on Friday. The firm has a 50-day moving average of $77.82 and a two-hundred day moving average of $63.74. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market cap of $12.52 billion, a P/E ratio of 16.14 and a beta of 1.04. Liberty Broadband Co. has a 1-year low of $47.17 and a 1-year high of $100.44.

Liberty Broadband (NASDAQ:LBRDA) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.66). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $262.00 million during the quarter, compared to analysts’ expectations of $242.40 million. During the same period in the prior year, the company posted $1.10 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LBRDA shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $95.00 target price (up previously from $90.00) on shares of Liberty Broadband in a research note on Friday. Rosenblatt Securities cut Liberty Broadband from a “buy” rating to a “neutral” rating and upped their price target for the stock from $91.00 to $92.00 in a report on Thursday.

Insider Activity

In other news, insider Renee L. Wilm sold 4,423 shares of the 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 transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value 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 trade represents a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 14.19% 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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.