Hanseatic Management Services Inc. Invests $576,000 in Liberty Broadband Corporation (LBRDA) Stock

Hanseatic Management Services Inc. acquired a new position in Liberty Broadband Corporation (NASDAQ:LBRDA) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,116 shares of the company’s stock, valued at approximately $576,000.

A number of other institutional investors have also recently bought and sold shares of LBRDA. D.A. Davidson & CO. grew its stake in Liberty Broadband Corporation by 0.8% in the 2nd quarter. D.A. Davidson & CO. now owns 1,604 shares of the company’s stock worth $137,000 after acquiring an additional 13 shares in the last quarter. Amalgamated Bank bought a new position in shares of Liberty Broadband Corporation during the second quarter valued at approximately $213,000. KCG Holdings Inc. bought a new position in shares of Liberty Broadband Corporation during the first quarter valued at approximately $246,000. Janney Montgomery Scott LLC boosted its stake in shares of Liberty Broadband Corporation by 5.9% during the second quarter. Janney Montgomery Scott LLC now owns 2,999 shares of the company’s stock valued at $257,000 after purchasing an additional 166 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of Liberty Broadband Corporation during the first quarter valued at approximately $294,000. 12.02% of the stock is currently owned by institutional investors.

Shares of Liberty Broadband Corporation (NASDAQ LBRDA) traded up $0.60 on Thursday, reaching $87.45. 199,000 shares of the company’s stock traded hands, compared to its average volume of 133,356. The firm has a market capitalization of $15,793.24, a P/E ratio of 868.50 and a beta of 1.37. Liberty Broadband Corporation has a 52 week low of $66.32 and a 52 week high of $104.35. The company has a current ratio of 11.64, a quick ratio of 11.64 and a debt-to-equity ratio of 0.06.

Liberty Broadband Corporation (NASDAQ:LBRDA) last announced its earnings results on Thursday, November 9th. The company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.08). Liberty Broadband Corporation had a net margin of 142.91% and a return on equity of 0.22%.

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LBRDA has been the topic of a number of recent research reports. Telsey Advisory Group reiterated an “outperform” rating and set a $125.00 price objective (up from $95.00) on shares of Liberty Broadband Corporation in a research note on Thursday, September 7th. Pivotal Research restated a “buy” rating and issued a $108.00 target price (up from $107.00) on shares of Liberty Broadband Corporation in a research note on Tuesday, August 15th. BidaskClub upgraded shares of Liberty Broadband Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. raised their target price on shares of Liberty Broadband Corporation from $108.00 to $113.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, TheStreet downgraded shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research note on Wednesday, August 16th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $113.25.

In other Liberty Broadband Corporation news, Director John C. Malone sold 111,920 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $100.64, for a total value of $11,263,628.80. Following the completion of the transaction, the director now owns 3,498,779 shares of the company’s stock, valued at $352,117,118.56. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John C. Malone sold 45,000 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $93.32, for a total transaction of $4,199,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 481,875 shares of company stock valued at $47,556,849. Corporate insiders own 6.09% of the company’s stock.

Liberty Broadband Corporation Company Profile

Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.

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Institutional Ownership by Quarter for Liberty Broadband Corporation (NASDAQ:LBRDA)

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