NFC Investments LLC Acquires New Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

NFC Investments LLC bought a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 128,067 shares of the company's stock, valued at approximately $10,321,000. Liberty Broadband comprises about 3.2% of NFC Investments LLC's holdings, making the stock its 13th biggest position. NFC Investments LLC owned approximately 0.09% of Liberty Broadband as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Teacher Retirement System of Texas increased its position in Liberty Broadband by 384.9% in the 3rd quarter. Teacher Retirement System of Texas now owns 43,912 shares of the company's stock valued at $4,010,000 after acquiring an additional 34,857 shares during the period. Orion Portfolio Solutions LLC grew its position in shares of Liberty Broadband by 6.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 5,862 shares of the company's stock valued at $535,000 after buying an additional 369 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in Liberty Broadband by 2.8% in the third quarter. Daiwa Securities Group Inc. now owns 7,245 shares of the company's stock valued at $662,000 after acquiring an additional 200 shares during the last quarter. FDx Advisors Inc. increased its position in Liberty Broadband by 63.9% during the 3rd quarter. FDx Advisors Inc. now owns 4,846 shares of the company's stock valued at $443,000 after purchasing an additional 1,889 shares during the period. Finally, Machina Capital S.A.S. bought a new position in Liberty Broadband during the 3rd quarter worth approximately $779,000. 80.22% of the stock is currently owned by institutional investors.

Liberty Broadband Stock Down 1.2 %

Shares of LBRDK stock traded down $0.63 on Friday, hitting $53.41. The stock had a trading volume of 1,126,449 shares, compared to its average volume of 1,183,003. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.81 and a quick ratio of 1.81. The business has a 50 day moving average of $53.11 and a 200 day moving average of $66.94. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $95.68. The stock has a market cap of $7.63 billion, a price-to-earnings ratio of 9.07 and a beta of 0.97.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its quarterly earnings data on Friday, February 16th. The company reported $1.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.62 by ($1.23). Liberty Broadband had a net margin of 87.75% and a return on equity of 9.55%. The business had revenue of $250.00 million during the quarter, compared to the consensus estimate of $227.82 million. As a group, analysts expect that Liberty Broadband Co. will post 9.13 EPS for the current year.

Insider Buying and Selling

In other Liberty Broadband news, Director J David Wargo sold 9,000 shares of the business's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $56.80, for a total transaction of $511,200.00. Following the sale, the director now owns 97,332 shares of the company's stock, valued at approximately $5,528,457.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders sold 45,000 shares of company stock valued at $2,435,830. 10.80% of the stock is owned by insiders.

Analysts Set New Price Targets

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

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.

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