SG Americas Securities LLC Sells 7,374 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

SG Americas Securities LLC lessened its stake in Liberty Broadband Co. (NASDAQ:LBRDK – Get Rating) by 50.5% in the third quarter, HoldingsChannel reports. The fund owned 7,232 shares of the company’s stock after selling 7,374 shares during the period. SG Americas Securities LLC’s holdings in Liberty Broadband were worth $534,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of LBRDK. Private Trust Co. NA bought a new stake in shares of Liberty Broadband in the 2nd quarter valued at about $40,000. Wipfli Financial Advisors LLC bought a new position in Liberty Broadband during the 3rd quarter valued at approximately $45,000. Crewe Advisors LLC raised its position in Liberty Broadband by 48.7% during the 2nd quarter. Crewe Advisors LLC now owns 412 shares of the company’s stock valued at $48,000 after purchasing an additional 135 shares during the last quarter. Alta Advisers Ltd bought a new position in Liberty Broadband during the 3rd quarter valued at approximately $52,000. Finally, Riverview Trust Co raised its position in Liberty Broadband by 222.5% during the 2nd quarter. Riverview Trust Co now owns 487 shares of the company’s stock valued at $56,000 after purchasing an additional 336 shares during the last quarter. Institutional investors own 76.81% of the company’s stock.

Liberty Broadband Stock Up 0.4 %

LBRDK stock opened at $91.60 on Tuesday. Liberty Broadband Co. has a fifty-two week low of $68.67 and a fifty-two week high of $155.98. The business’s 50 day moving average price is $83.77 and its two-hundred day moving average price is $92.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.02 and a current ratio of 2.02. The company has a market capitalization of $13.58 billion, a price-to-earnings ratio of 10.41 and a beta of 1.13.

Liberty Broadband (NASDAQ:LBRDK – Get Rating) last posted its earnings results on Friday, November 4th. The company reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.32. Liberty Broadband had a return on equity of 15.70% and a net margin of 150.48%. The firm had revenue of $248.00 million for the quarter, compared to the consensus estimate of $250.03 million. As a group, analysts forecast that Liberty Broadband Co. will post 8.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on LBRDK shares. Morgan Stanley upped their price target on Liberty Broadband from $89.00 to $93.00 and gave the company an “equal weight” rating in a research report on Monday, November 7th. Citigroup upped their price target on Liberty Broadband to $99.00 in a research report on Friday, November 4th. Finally, StockNews.com lowered Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Friday, November 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Liberty Broadband presently has a consensus rating of “Hold” and a consensus price target of $151.80.

Insiders Place Their Bets

In related news, Director Richard R. Green sold 3,270 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $90.79, for a total value of $296,883.30. Following the sale, the director now owns 8,814 shares in the company, valued at approximately $800,223.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 10.80% of the company’s stock.

Liberty Broadband 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.