D.A. Davidson & CO. Raises Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

D.A. Davidson & CO. increased its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 8.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,401 shares of the company’s stock after acquiring an additional 830 shares during the period. D.A. Davidson & CO.’s holdings in Liberty Broadband were worth $778,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in LBRDK. Assenagon Asset Management S.A. grew its position in Liberty Broadband by 23.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company’s stock worth $268,045,000 after acquiring an additional 686,089 shares during the period. Barclays PLC boosted its position in shares of Liberty Broadband by 6.4% during the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after buying an additional 415,496 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Liberty Broadband by 63.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 940,168 shares of the company’s stock worth $72,666,000 after buying an additional 366,614 shares during the period. FMR LLC boosted its position in shares of Liberty Broadband by 104.4% during the third quarter. FMR LLC now owns 563,964 shares of the company’s stock worth $43,589,000 after buying an additional 288,078 shares during the period. Finally, Isomer Partners LP purchased a new position in shares of Liberty Broadband during the third quarter worth $20,095,000. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Gregory B. Maffei sold 71,500 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $82.00, for a total value of $5,863,000.00. Following the sale, the chief executive officer now directly owns 2,827,013 shares in the company, valued at approximately $231,815,066. This trade represents a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.80% of the company’s stock.

Liberty Broadband Trading Up 1.2 %

LBRDK opened at $82.36 on Tuesday. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50. The business has a fifty day simple moving average of $77.74 and a 200-day simple moving average of $76.75. The firm has a market cap of $11.76 billion, a P/E ratio of 15.17 and a beta of 1.04. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Liberty Broadband in a research report on Tuesday. They set a “sell” rating for the company.

Liberty Broadband 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.