Cerity Partners LLC Grows Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Cerity Partners LLC grew its stake in Liberty Broadband Co. (NASDAQ:LBRDK) by 12.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,817 shares of the company’s stock after purchasing an additional 664 shares during the period. Cerity Partners LLC’s holdings in Liberty Broadband were worth $469,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. OFI Invest Asset Management purchased a new stake in Liberty Broadband in the 3rd quarter worth approximately $26,000. Milestone Investment Advisors LLC purchased a new position in shares of Liberty Broadband during the 3rd quarter valued at approximately $57,000. CoreFirst Bank & Trust purchased a new position in shares of Liberty Broadband during the 3rd quarter valued at approximately $100,000. Ulland Investment Advisors LLC lifted its position in shares of Liberty Broadband by 34.6% during the 4th quarter. Ulland Investment Advisors LLC now owns 1,810 shares of the company’s stock valued at $146,000 after buying an additional 465 shares in the last quarter. Finally, Wahed Invest LLC lifted its position in shares of Liberty Broadband by 9.4% during the 3rd quarter. Wahed Invest LLC now owns 1,835 shares of the company’s stock valued at $168,000 after buying an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Insider Activity at Liberty Broadband

In related news, Director J David Wargo sold 9,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $56.80, for a total value of $511,200.00. Following the completion of the transaction, the director now directly owns 97,332 shares of the company’s stock, valued at approximately $5,528,457.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 45,000 shares of company stock valued at $2,435,830. 10.80% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Citigroup decreased their target price on Liberty Broadband from $108.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th.

Liberty Broadband Stock Down 1.2 %

NASDAQ LBRDK opened at $49.39 on Friday. The business has a fifty day moving average price of $55.45 and a 200 day moving average price of $71.35. Liberty Broadband Co. has a one year low of $47.87 and a one year high of $95.68. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.42 and a current ratio of 2.42. The company has a market cap of $7.06 billion, a P/E ratio of 10.58 and a beta of 0.95.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings data on Friday, February 16th. The company reported $1.39 EPS for the quarter, missing the consensus estimate of $2.62 by ($1.23). Liberty Broadband had a net margin of 70.13% and a return on equity of 7.76%. The firm had revenue of $250.00 million during the quarter, compared to analyst estimates of $227.82 million. Research analysts anticipate that Liberty Broadband Co. will post 10.14 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.