US Bancorp DE Reduces Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDA)

US Bancorp DE trimmed its position in Liberty Broadband Co. (NASDAQ:LBRDA – Get Rating) by 8.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 6,792 shares of the company’s stock after selling 588 shares during the period. US Bancorp DE’s holdings in Liberty Broadband were worth $507,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of LBRDA. JPMorgan Chase & Co. boosted its position in Liberty Broadband by 47.7% in the first quarter. JPMorgan Chase & Co. now owns 5,557 shares of the company’s stock worth $729,000 after purchasing an additional 1,795 shares during the last quarter. Citigroup Inc. boosted its position in Liberty Broadband by 20.4% in the first quarter. Citigroup Inc. now owns 10,177 shares of the company’s stock worth $1,334,000 after purchasing an additional 1,723 shares during the last quarter. Bank of Montreal Can boosted its position in Liberty Broadband by 62.6% in the first quarter. Bank of Montreal Can now owns 40,988 shares of the company’s stock worth $5,595,000 after purchasing an additional 15,782 shares during the last quarter. MetLife Investment Management LLC purchased a new position in Liberty Broadband in the first quarter worth about $61,000. Finally, Rhumbline Advisers boosted its position in Liberty Broadband by 2.5% in the first quarter. Rhumbline Advisers now owns 22,133 shares of the company’s stock worth $2,901,000 after purchasing an additional 550 shares during the last quarter. 12.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Benchmark dropped their target price on Liberty Broadband from $201.00 to $156.00 in a research report on Monday, December 12th. Deutsche Bank Aktiengesellschaft decreased their price objective on Liberty Broadband from $158.00 to $131.00 in a research note on Wednesday, November 30th. Finally, Evercore ISI decreased their price objective on Liberty Broadband to $126.00 in a research note on Wednesday, December 14th.

Insider Activity at Liberty Broadband

In related news, Director Richard R. Green sold 3,270 shares of Liberty Broadband stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $90.79, for a total transaction of $296,883.30. Following the sale, the director now owns 8,814 shares of the company’s stock, valued at approximately $800,223.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.62% of the stock is owned by corporate insiders.

Liberty Broadband Stock Up 4.4 %

NASDAQ LBRDA opened at $90.89 on Monday. The stock’s 50-day moving average price is $83.25 and its 200-day moving average price is $92.10. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.45. Liberty Broadband Co. has a 52 week low of $68.15 and a 52 week high of $151.90. The company has a market capitalization of $13.48 billion, a P/E ratio of 10.33 and a beta of 1.15.

Liberty Broadband (NASDAQ:LBRDA – Get Rating) last posted its quarterly earnings data on Friday, November 4th. The company reported $2.05 EPS for the quarter. The firm had revenue of $248.00 million for the quarter. Liberty Broadband had a return on equity of 15.70% and a net margin of 150.48%. On average, equities research analysts predict that Liberty Broadband Co. will post 15.46 earnings per share for the current year.

Liberty Broadband Company Profile

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Liberty Broadband Corp. operates as a holding company, which engages in the cable, broadband and mobile location technology businesses. It operates through its subsidiaries, Charter Communications, Inc and TruePosition, Inc The company was founded on March 28, 1991, and is headquartered in Englewood, CO.