Bank of Montreal Can Has $21.54 Million Stock Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Bank of Montreal Can lifted its stake in Liberty Broadband Co. (NASDAQ:LBRDK) by 6.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 275,606 shares of the company’s stock after buying an additional 17,394 shares during the quarter. Bank of Montreal Can’s holdings in Liberty Broadband were worth $21,536,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Advisors Ltd. LLC boosted its position in Liberty Broadband by 75.8% in the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after buying an additional 191 shares in the last quarter. GAMMA Investing LLC grew its position 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. DekaBank Deutsche Girozentrale increased its holdings in Liberty Broadband by 1.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 16,199 shares of the company’s stock valued at $919,000 after purchasing an additional 302 shares in the last quarter. KBC Group NV raised its position in Liberty Broadband by 6.9% in the 3rd quarter. KBC Group NV now owns 5,893 shares of the company’s stock valued at $455,000 after purchasing an additional 382 shares during the last quarter. Finally, Mather Group LLC. boosted its stake in Liberty Broadband by 103.7% in the second quarter. Mather Group LLC. now owns 762 shares of the company’s stock worth $44,000 after purchasing an additional 388 shares in the last quarter. Institutional investors own 80.22% of the company’s stock.

Insider Buying and Selling at Liberty Broadband

In other news, CAO Brian J. Wendling sold 2,208 shares of the company’s 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 sale, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at $838,335.36. This represents a 16.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,673 shares of company stock valued at $509,688. 10.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

LBRDK has been the subject of a number of research reports. Rosenblatt Securities lifted their price target on Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. StockNews.com started coverage on shares of Liberty Broadband in a research note on Friday. They issued a “sell” rating for the company.

Liberty Broadband Trading Up 0.9 %

Shares of LBRDK opened at $85.14 on Friday. The stock’s fifty day simple moving average is $83.52 and its 200-day simple moving average is $66.49. The firm has a market capitalization of $12.16 billion, a PE ratio of 15.68 and a beta of 1.02. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $101.50. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40.

Liberty Broadband (NASDAQ:LBRDK) last released its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). 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 for the quarter, compared to analyst estimates of $237.41 million. During the same quarter in the previous year, the company posted $1.10 earnings per share. As a group, research analysts predict that Liberty Broadband Co. will post 6.72 earnings per share for the current year.

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.