Boussard & Gavaudan Investment Management LLP Decreases Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Boussard & Gavaudan Investment Management LLP decreased its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 51.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 90,519 shares of the company’s stock after selling 97,084 shares during the quarter. Boussard & Gavaudan Investment Management LLP owned approximately 0.06% of Liberty Broadband worth $7,059,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Baupost Group LLC MA acquired a new position in Liberty Broadband during the third quarter worth approximately $13,186,000. Glenmede Trust Co. NA increased its position in 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 buying an additional 5,386 shares during the period. BNP Paribas Financial Markets increased its position in 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 buying an additional 149,280 shares during the period. Brooklyn Investment Group acquired a new position in Liberty Broadband during the third quarter worth approximately $82,000. Finally, FMR LLC increased its position in 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 buying an additional 288,078 shares during the period. Institutional investors and hedge funds own 80.22% of the company’s stock.

Liberty Broadband Trading Down 1.1 %

NASDAQ:LBRDK opened at $84.38 on Thursday. The firm has a market cap of $12.05 billion, a P/E ratio of 15.54 and a beta of 1.02. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock’s 50 day simple moving average is $82.56 and its 200-day simple moving average is $66.14. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.99 earnings per share 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 during the quarter, compared to analysts’ expectations of $237.41 million. During the same quarter last year, the firm earned $1.10 earnings per share. Equities analysts anticipate that Liberty Broadband Co. will post 6.72 EPS for the current year.

Insider Activity at Liberty Broadband

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction on 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 approximately $838,335.36. The trade was a 16.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Renee L. Wilm sold 4,423 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total value of $338,624.88. Following the sale, the insider now owns 3,670 shares in the company, valued at approximately $280,975.20. The trade was a 54.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 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.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. StockNews.com assumed coverage on Liberty Broadband in a report on Thursday, November 21st. They issued a “sell” rating on the stock. Rosenblatt Securities boosted their target price on Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a report on Wednesday, August 14th.

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.