International Assets Investment Management LLC Purchases Shares of 12,733 Liberty Broadband Co. (NASDAQ:LBRDK)

International Assets Investment Management LLC acquired a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 12,733 shares of the company’s stock, valued at approximately $1,026,000.

Other large investors have also modified their holdings of the company. Arizona State Retirement System raised its position in shares of Liberty Broadband by 0.8% in the 4th quarter. Arizona State Retirement System now owns 32,887 shares of the company’s stock worth $2,650,000 after buying an additional 246 shares during the period. GAM Holding AG purchased a new position in shares of Liberty Broadband in the 4th quarter worth about $484,000. Assenagon Asset Management S.A. lifted its stake in shares of Liberty Broadband by 179.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,334,499 shares of the company’s stock valued at $107,547,000 after purchasing an additional 857,187 shares in the last quarter. Ulland Investment Advisors LLC grew its holdings 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 worth $146,000 after purchasing an additional 465 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in Liberty Broadband by 31.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 3,974 shares of the company’s stock worth $320,000 after purchasing an additional 955 shares in the last quarter. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Liberty Broadband

In other news, Director J David Wargo sold 9,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $56.80, for a total value of $511,200.00. Following the transaction, the director now directly owns 97,332 shares in the company, valued at approximately $5,528,457.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 45,000 shares of company stock valued at $2,435,830. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Liberty Broadband Price Performance

LBRDK stock opened at $49.86 on Tuesday. The company has a market capitalization of $7.13 billion, a PE ratio of 10.68 and a beta of 0.96. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average is $56.06 and its two-hundred day moving average is $71.93. Liberty Broadband Co. has a 52-week low of $47.87 and a 52-week high of $95.68.

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