3,293 Shares in Liberty Broadband Corp (LBRDA) Purchased by Vident Investment Advisory LLC

Vident Investment Advisory LLC purchased a new position in Liberty Broadband Corp (NASDAQ:LBRDA) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,293 shares of the company’s stock, valued at approximately $310,000.

A number of other institutional investors have also recently made changes to their positions in LBRDA. Credit Suisse AG boosted its stake in Liberty Broadband by 8.2% in the 1st quarter. Credit Suisse AG now owns 9,867 shares of the company’s stock worth $840,000 after purchasing an additional 744 shares in the last quarter. Aperio Group LLC boosted its stake in Liberty Broadband by 35.0% in the 2nd quarter. Aperio Group LLC now owns 4,681 shares of the company’s stock worth $402,000 after purchasing an additional 1,214 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Liberty Broadband by 5.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 2,999 shares of the company’s stock worth $257,000 after purchasing an additional 166 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Liberty Broadband by 8.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 62,829 shares of the company’s stock worth $5,391,000 after buying an additional 4,981 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Liberty Broadband by 9.1% in the 2nd quarter. First Trust Advisors LP now owns 134,793 shares of the company’s stock worth $11,564,000 after buying an additional 11,291 shares during the last quarter. Institutional investors own 12.33% of the company’s stock.

In other news, Director John C. Malone sold 34,500 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $95.18, for a total transaction of $3,283,710.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Malone sold 45,000 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $94.21, for a total transaction of $4,239,450.00. Following the sale, the director now directly owns 3,452,779 shares of the company’s stock, valued at approximately $325,286,309.59. The disclosure for this sale can be found here. Insiders have sold a total of 133,050 shares of company stock valued at $12,533,699 in the last ninety days. Insiders own 6.09% of the company’s stock.

A number of equities analysts have weighed in on the company. Buckingham Research assumed coverage on Liberty Broadband in a research report on Wednesday, December 13th. They issued a “buy” rating and a $119.00 target price for the company. BidaskClub lowered Liberty Broadband from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 9th. Pivotal Research boosted their target price on Liberty Broadband from $108.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. boosted their target price on Liberty Broadband from $108.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $125.00 target price (up previously from $95.00) on shares of Liberty Broadband in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $114.40.

Shares of Liberty Broadband Corp (NASDAQ LBRDA) opened at $82.19 on Wednesday. Liberty Broadband Corp has a 52-week low of $70.45 and a 52-week high of $104.35. The company has a market cap of $15,176.78, a PE ratio of 834.60 and a beta of 1.33. The company has a debt-to-equity ratio of 0.06, a quick ratio of 11.64 and a current ratio of 11.64.

Liberty Broadband (NASDAQ:LBRDA) last released its quarterly earnings results on Thursday, November 9th. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.08). Liberty Broadband had a net margin of 142.91% and a return on equity of 0.22%. sell-side analysts expect that Liberty Broadband Corp will post 0.13 earnings per share for the current fiscal year.

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Liberty Broadband Company Profile

Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.

Institutional Ownership by Quarter for Liberty Broadband (NASDAQ:LBRDA)

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