Seizert Capital Partners LLC Acquires 24,315 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Seizert Capital Partners LLC boosted its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 20.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 143,768 shares of the company’s stock after buying an additional 24,315 shares during the period. Seizert Capital Partners LLC owned approximately 0.10% of Liberty Broadband worth $11,112,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Versant Capital Management Inc boosted its holdings in Liberty Broadband by 4,888.9% during the second quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock worth $25,000 after buying an additional 440 shares during the last quarter. GAMMA Investing LLC boosted its stake in Liberty Broadband by 200.7% during the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after acquiring an additional 283 shares during the last quarter. Capital Advisors Ltd. LLC boosted its stake in Liberty Broadband by 75.8% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock worth $34,000 after acquiring an additional 191 shares during the last quarter. Beach Investment Counsel Inc. PA acquired a new position in Liberty Broadband during the second quarter valued at approximately $36,000. Finally, Mather Group LLC. increased its stake in Liberty Broadband by 103.7% in the second quarter. Mather Group LLC. now owns 762 shares of the company’s stock valued at $44,000 after purchasing an additional 388 shares in the last quarter. 80.22% of the stock is owned by institutional investors.

Liberty Broadband Stock Performance

Shares of LBRDK stock opened at $88.32 on Friday. The company has a market capitalization of $12.62 billion, a P/E ratio of 16.27 and a beta of 1.02. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50. 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 company’s 50 day moving average price is $78.50 and its two-hundred day moving average price is $64.23.

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

Analyst Ratings Changes

LBRDK has been the topic of a number of recent analyst reports. StockNews.com began coverage on shares of Liberty Broadband in a research report on Wednesday. They set a “sell” rating on the stock. Rosenblatt Securities lifted their target price on Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th.

Insider Activity

In related news, insider Renee L. Wilm sold 4,423 shares of the firm’s stock in a transaction 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $75.84, for a total transaction of $167,454.72. Following the sale, the chief accounting officer now directly owns 11,054 shares in the company, 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. Corporate insiders own 10.80% of the company’s stock.

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.