Locust Wood Capital Advisers LLC Cuts Stock Holdings in Liberty Broadband Corp Series C (NASDAQ:LBRDK)

Locust Wood Capital Advisers LLC decreased its holdings in shares of Liberty Broadband Corp Series C (NASDAQ:LBRDK) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,375 shares of the company’s stock after selling 3,460 shares during the quarter. Liberty Broadband Corp Series C accounts for approximately 0.7% of Locust Wood Capital Advisers LLC’s portfolio, making the stock its 28th largest position. Locust Wood Capital Advisers LLC’s holdings in Liberty Broadband Corp Series C were worth $8,413,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norman Fields Gottscho Capital Management LLC boosted its stake in Liberty Broadband Corp Series C by 1.0% in the third quarter. Norman Fields Gottscho Capital Management LLC now owns 10,095 shares of the company’s stock worth $1,057,000 after buying an additional 100 shares in the last quarter. M&T Bank Corp boosted its stake in Liberty Broadband Corp Series C by 2.6% in the second quarter. M&T Bank Corp now owns 4,577 shares of the company’s stock worth $477,000 after buying an additional 116 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in Liberty Broadband Corp Series C by 3.1% in the second quarter. Allianz Asset Management GmbH now owns 4,847 shares of the company’s stock worth $505,000 after buying an additional 148 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in Liberty Broadband Corp Series C by 81.5% in the second quarter. Commonwealth Bank of Australia now owns 363 shares of the company’s stock worth $35,000 after buying an additional 163 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Liberty Broadband Corp Series C by 1.1% in the second quarter. Russell Investments Group Ltd. now owns 14,925 shares of the company’s stock worth $1,547,000 after buying an additional 169 shares in the last quarter. 54.25% of the stock is owned by institutional investors.

Shares of NASDAQ:LBRDK traded down $0.02 during trading on Tuesday, reaching $110.14. 3,089 shares of the company traded hands, compared to its average volume of 651,451. The firm has a market capitalization of $20.15 billion, a price-to-earnings ratio of 290.26 and a beta of 1.25. Liberty Broadband Corp Series C has a 52-week low of $68.47 and a 52-week high of $111.78. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.05. The business’s fifty day moving average is $107.42 and its 200-day moving average is $102.32.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last announced its earnings results on Thursday, August 1st. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.37). The business had revenue of $3.75 million for the quarter. Liberty Broadband Corp Series C had a net margin of 504.89% and a return on equity of 0.68%. On average, sell-side analysts predict that Liberty Broadband Corp Series C will post 1.11 earnings per share for the current fiscal year.

LBRDK has been the subject of several research reports. ValuEngine lowered Liberty Broadband Corp Series C from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Citigroup began coverage on Liberty Broadband Corp Series C in a research note on Friday, October 4th. They set a “buy” rating and a $125.00 price objective for the company. Morgan Stanley increased their price objective on Liberty Broadband Corp Series C from $110.00 to $117.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 17th. BidaskClub raised Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating in a research note on Wednesday, August 28th. Finally, TD Securities raised Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $119.25.

About Liberty Broadband Corp Series C

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.

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Institutional Ownership by Quarter for Liberty Broadband Corp Series C (NASDAQ:LBRDK)

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