Hyperion Capital Advisors LP Sells 3,151 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Hyperion Capital Advisors LP reduced its stake in Liberty Broadband Co. (NASDAQ:LBRDK) by 3.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,645 shares of the company’s stock after selling 3,151 shares during the period. Liberty Broadband makes up about 3.4% of Hyperion Capital Advisors LP’s holdings, making the stock its 9th largest holding. Hyperion Capital Advisors LP’s holdings in Liberty Broadband were worth $7,161,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Baupost Group LLC MA acquired a new stake in shares of Liberty Broadband in the third quarter valued at $13,186,000. Glenmede Trust Co. NA grew its holdings in shares of Liberty Broadband by 21.0% during the third quarter. Glenmede Trust Co. NA now owns 30,989 shares of the company’s stock worth $2,395,000 after purchasing an additional 5,386 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Liberty Broadband by 148.1% during the third quarter. BNP Paribas Financial Markets now owns 250,052 shares of the company’s stock worth $19,327,000 after purchasing an additional 149,280 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Liberty Broadband during the third quarter worth about $82,000. Finally, FMR LLC grew its holdings in shares of Liberty Broadband by 104.4% during the third quarter. FMR LLC now owns 563,964 shares of the company’s stock worth $43,589,000 after purchasing an additional 288,078 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $84.38 on Thursday. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50. The firm has a market capitalization of $12.05 billion, a price-to-earnings ratio of 15.54 and a beta of 1.02. The business’s 50 day simple moving average is $82.56 and its 200-day simple moving average is $66.14. 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 (NASDAQ:LBRDK) last posted its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($1.69). The business had revenue of $262.00 million for the quarter, compared to analysts’ expectations 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 posted $1.10 earnings per share. As a group, equities analysts forecast that Liberty Broadband Co. will post 6.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on LBRDK shares. StockNews.com started coverage on Liberty Broadband in a report on Thursday, November 21st. They set a “sell” rating on the stock. Rosenblatt Securities raised their price target 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 other news, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband 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 completion of 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $338,624.88. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold 6,673 shares of company stock worth $509,688 over the last three months. 10.80% of the stock is currently owned by corporate insiders.

Liberty Broadband Company 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.