Athos Capital Ltd Acquires New Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Athos Capital Ltd purchased a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 60,000 shares of the company’s stock, valued at approximately $4,637,000. Liberty Broadband makes up 1.5% of Athos Capital Ltd’s investment portfolio, making the stock its 10th biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in LBRDK. Comerica Bank raised its stake in shares of Liberty Broadband by 33.4% in the first quarter. Comerica Bank now owns 26,011 shares of the company’s stock worth $1,489,000 after purchasing an additional 6,511 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake 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 acquiring an additional 302 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Liberty Broadband by 4,888.9% in the 2nd quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock valued at $25,000 after acquiring an additional 440 shares during the last quarter. Mather Group LLC. raised its holdings in shares of Liberty Broadband by 103.7% during the second quarter. Mather Group LLC. now owns 762 shares of the company’s stock worth $44,000 after purchasing an additional 388 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Liberty Broadband by 163.7% during the second quarter. CWM LLC now owns 2,255 shares of the company’s stock worth $124,000 after purchasing an additional 1,400 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Insider Activity

In other news, 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 value of $338,624.88. Following the completion of the sale, the insider now owns 3,670 shares of the company’s stock, valued at $280,975.20. This represents a 54.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the transaction, the chief accounting officer now owns 11,054 shares in the company, valued at $838,335.36. This represents a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,673 shares of company stock worth $509,688 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on LBRDK. Rosenblatt Securities lifted their price objective on Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. StockNews.com started coverage on shares of Liberty Broadband in a report on Friday. They set a “sell” rating on the stock.

Liberty Broadband Trading Up 0.9 %

Shares of LBRDK stock opened at $85.14 on Monday. The company has a market cap of $12.16 billion, a price-to-earnings ratio of 15.68 and a beta of 1.02. The stock has a 50 day simple moving average of $83.52 and a 200-day simple moving average of $66.68. 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 $46.46 and a 1-year high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $2.68 by ($1.69). The firm had revenue of $262.00 million for the quarter, compared to analysts’ expectations of $237.41 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same quarter in the previous year, the firm posted $1.10 earnings per share. On average, equities research analysts expect that Liberty Broadband Co. will post 6.72 EPS for the current fiscal year.

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.