Raymond James & Associates Trims Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Raymond James & Associates decreased its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK – Get Rating) by 17.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 70,779 shares of the company’s stock after selling 14,987 shares during the period. Raymond James & Associates’ holdings in Liberty Broadband were worth $5,398,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LBRDK. Meiji Yasuda Asset Management Co Ltd. raised its stake in Liberty Broadband by 0.7% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 18,375 shares of the company’s stock worth $1,356,000 after purchasing an additional 130 shares during the period. Captrust Financial Advisors raised its stake in shares of Liberty Broadband by 3.3% in the 2nd quarter. Captrust Financial Advisors now owns 4,340 shares of the company’s stock valued at $502,000 after acquiring an additional 139 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of Liberty Broadband by 1.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 9,791 shares of the company’s stock valued at $747,000 after acquiring an additional 158 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Liberty Broadband by 34.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 625 shares of the company’s stock valued at $48,000 after acquiring an additional 160 shares during the period. Finally, Commerce Bank raised its stake in shares of Liberty Broadband by 1.7% in the 3rd quarter. Commerce Bank now owns 10,454 shares of the company’s stock valued at $772,000 after acquiring an additional 174 shares during the period. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Insider Activity at Liberty Broadband

In related news, CAO Brian J. Wendling sold 6,419 shares of Liberty Broadband stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $77.59, for a total value of $498,050.21. Following the sale, the chief accounting officer now directly owns 12,274 shares in the company, valued at approximately $952,339.66. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 10.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Citigroup raised their target price on shares of Liberty Broadband from $111.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, March 3rd. Rosenblatt Securities lowered their price target on shares of Liberty Broadband from $133.00 to $132.00 and set a “buy” rating for the company in a report on Friday, February 24th. Pivotal Research lowered their price target on shares of Liberty Broadband from $150.00 to $138.00 in a report on Wednesday, May 3rd. TD Securities lowered their price target on shares of Liberty Broadband from $175.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, February 21st. Finally, StockNews.com initiated coverage on shares of Liberty Broadband in a report on Thursday, May 18th. They set a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $127.60.

Liberty Broadband Trading Up 0.6 %

NASDAQ LBRDK opened at $77.97 on Tuesday. Liberty Broadband Co. has a one year low of $68.67 and a one year high of $126.62. The company has a 50-day simple moving average of $79.00 and a 200-day simple moving average of $83.52. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market capitalization of $11.40 billion, a PE ratio of 11.72 and a beta of 1.12.

Liberty Broadband (NASDAQ:LBRDK – Get Rating) last issued its quarterly earnings data on Tuesday, May 2nd. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($1.32). The firm had revenue of $246.00 million during the quarter, compared to the consensus estimate of $243.00 million. Liberty Broadband had a net margin of 104.48% and a return on equity of 11.84%. On average, equities analysts forecast that Liberty Broadband Co. will post 7.98 earnings per share for the current year.

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.