Charles Schwab Investment Management Inc. Buys 366,614 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Charles Schwab Investment Management Inc. raised its position in Liberty Broadband Co. (NASDAQ:LBRDK) by 63.9% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 940,168 shares of the company’s stock after buying an additional 366,614 shares during the period. Charles Schwab Investment Management Inc. owned about 0.66% of Liberty Broadband worth $72,666,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in LBRDK. Capital Advisors Ltd. LLC grew its position in shares of Liberty Broadband by 75.8% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock worth $34,000 after buying an additional 191 shares during the period. Wahed Invest LLC grew its holdings in Liberty Broadband by 14.2% during the 1st quarter. Wahed Invest LLC now owns 2,266 shares of the company’s stock worth $130,000 after acquiring an additional 281 shares during the period. GAMMA Investing LLC raised its position in shares of Liberty Broadband by 200.7% during the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock valued at $33,000 after acquiring an additional 283 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Liberty Broadband by 1.9% in 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 during the period. Finally, KBC Group NV boosted its position in shares of Liberty Broadband by 6.9% in the 3rd quarter. KBC Group NV now owns 5,893 shares of the company’s stock worth $455,000 after purchasing an additional 382 shares during the last quarter. 80.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LBRDK shares. Rosenblatt Securities upped their price objective 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 began coverage on Liberty Broadband in a research note on Friday. They issued a “sell” rating for the company.

Insider Buying and Selling at Liberty Broadband

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 11,054 shares of the company’s stock, valued at $838,335.36. This represents a 16.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Renee L. Wilm sold 4,423 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total transaction of $338,624.88. Following the transaction, the insider now directly owns 3,670 shares of the company’s stock, 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 quarter, insiders have sold 6,673 shares of company stock valued at $509,688. 10.80% of the stock is currently owned by corporate insiders.

Liberty Broadband Stock Performance

Shares of Liberty Broadband stock opened at $84.38 on Friday. The stock’s fifty day simple moving average is $83.02 and its 200 day simple moving average is $66.27. 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 company has a market capitalization of $12.05 billion, a PE ratio of 15.54 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.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The business had revenue of $262.00 million for the quarter, compared to analyst estimates of $237.41 million. During the same period in the prior year, the business earned $1.10 EPS. On average, research analysts predict that Liberty Broadband Co. will post 6.72 EPS for the current year.

About Liberty Broadband

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.