Liberty Broadband Co. (NASDAQ:LBRDA) Shares Purchased by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB raised its position in Liberty Broadband Co. (NASDAQ:LBRDA) by 269,566.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,180 shares of the company’s stock after buying an additional 16,174 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Liberty Broadband were worth $1,203,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in Liberty Broadband in the third quarter worth $1,815,000. Verition Fund Management LLC acquired a new stake in shares of Liberty Broadband in the third quarter valued at about $6,402,000. Baupost Group LLC MA purchased a new stake in Liberty Broadband during the third quarter worth about $581,000. Stifel Financial Corp acquired a new position in Liberty Broadband during the third quarter worth about $1,235,000. Finally, Creative Planning increased its holdings in Liberty Broadband by 48.5% in the third quarter. Creative Planning now owns 15,884 shares of the company’s stock valued at $1,220,000 after buying an additional 5,186 shares in the last quarter. Hedge funds and other institutional investors own 10.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LBRDA shares. Rosenblatt Securities cut Liberty Broadband from a “buy” rating to a “neutral” rating and upped their price target for the stock from $91.00 to $92.00 in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $95.00 target price (up previously from $90.00) on shares of Liberty Broadband in a report on Friday, November 15th.

Liberty Broadband Trading Up 0.9 %

Shares of LBRDA opened at $76.22 on Wednesday. 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 Co. has a 1-year low of $47.17 and a 1-year high of $100.44. The stock has a market cap of $10.89 billion, a price-to-earnings ratio of 14.04 and a beta of 1.06. The firm has a 50 day simple moving average of $80.40 and a 200-day simple moving average of $72.55.

Liberty Broadband (NASDAQ:LBRDA) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.66). The company had revenue of $262.00 million during the quarter, compared to analyst estimates of $242.40 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same period last year, the firm earned $1.10 earnings per share.

Insider Buying and Selling at Liberty Broadband

In other Liberty Broadband news, CEO Gregory B. Maffei sold 71,500 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $82.00, for a total value of $5,863,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,827,013 shares in the company, valued at approximately $231,815,066. The trade was a 2.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 196,542 shares of company stock worth $15,834,108. Corporate insiders own 14.19% of the company’s stock.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.