Long Path Partners LP Has $22.45 Million Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

Long Path Partners LP decreased its stake in Liberty Broadband Co. (NASDAQ:LBRDK) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 290,449 shares of the company’s stock after selling 10,281 shares during the quarter. Liberty Broadband makes up 7.3% of Long Path Partners LP’s portfolio, making the stock its 5th biggest holding. Long Path Partners LP’s holdings in Liberty Broadband were worth $22,449,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in LBRDK. Cerity Partners LLC grew its stake in shares of Liberty Broadband by 8.3% during the 3rd quarter. Cerity Partners LLC now owns 7,357 shares of the company’s stock valued at $569,000 after acquiring an additional 562 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Liberty Broadband by 63.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 940,168 shares of the company’s stock worth $72,666,000 after purchasing an additional 366,614 shares during the period. Commerce Bank boosted its position in shares of Liberty Broadband by 13.6% in the third quarter. Commerce Bank now owns 9,644 shares of the company’s stock worth $745,000 after purchasing an additional 1,153 shares during the period. Holistic Financial Partners purchased a new stake in shares of Liberty Broadband in the third quarter worth $245,000. Finally, LMR Partners LLP raised its position in shares of Liberty Broadband by 949.6% during the 3rd quarter. LMR Partners LLP now owns 125,452 shares of the company’s stock valued at $9,696,000 after purchasing an additional 113,500 shares during the period. Institutional investors own 80.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. StockNews.com started coverage on Liberty Broadband in a research note on Thursday. They issued a “sell” rating for the company. Rosenblatt Securities upped their price objective on Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th.

Liberty Broadband Price Performance

LBRDK stock opened at $86.92 on Friday. 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 fifty day moving average price is $81.17 and its 200-day moving average price is $65.46. Liberty Broadband Co. has a one year low of $46.46 and a one year high of $101.50. The company has a market capitalization of $12.42 billion, a PE ratio of 16.01 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $2.68 by ($1.69). The company had revenue of $262.00 million during the quarter, compared to analysts’ expectations 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 firm earned $1.10 EPS. On average, equities analysts anticipate that Liberty Broadband Co. will post 6.72 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was 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 $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. Over the last three months, insiders have sold 6,673 shares of company stock worth $509,688. 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.