Principal Financial Group Inc. Has $94.38 Million Stake in Liberty Broadband Corporation (LBRDA)

Principal Financial Group Inc. reduced its position in Liberty Broadband Corporation (NASDAQ:LBRDA) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,002,102 shares of the company’s stock after selling 19,783 shares during the period. Principal Financial Group Inc. owned about 0.55% of Liberty Broadband Corporation worth $94,376,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Liberty Broadband Corporation by 4.5% in the second quarter. Vanguard Group Inc. now owns 1,748,982 shares of the company’s stock worth $150,045,000 after acquiring an additional 75,769 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Liberty Broadband Corporation by 20,817.7% during the first quarter. BlackRock Inc. now owns 1,567,360 shares of the company’s stock worth $133,368,000 after purchasing an additional 1,559,867 shares during the period. Artemis Investment Management LLP boosted its holdings in shares of Liberty Broadband Corporation by 8.3% during the third quarter. Artemis Investment Management LLP now owns 725,116 shares of the company’s stock worth $69,071,000 after purchasing an additional 55,837 shares during the period. State of Wisconsin Investment Board boosted its holdings in shares of Liberty Broadband Corporation by 372.3% during the third quarter. State of Wisconsin Investment Board now owns 393,298 shares of the company’s stock worth $37,041,000 after purchasing an additional 310,026 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Liberty Broadband Corporation by 8.1% during the second quarter. Franklin Resources Inc. now owns 333,328 shares of the company’s stock worth $28,596,000 after purchasing an additional 25,016 shares during the period. 11.85% of the stock is currently owned by institutional investors and hedge funds.

In other Liberty Broadband Corporation news, Director John C. Malone sold 45,000 shares of Liberty Broadband Corporation stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $93.32, for a total value of $4,199,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John C. Malone sold 8,550 shares of Liberty Broadband Corporation stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $94.87, for a total transaction of $811,138.50. The disclosure for this sale can be found here. Insiders sold 493,275 shares of company stock valued at $48,719,421 over the last quarter. Corporate insiders own 6.09% of the company’s stock.

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Shares of Liberty Broadband Corporation (NASDAQ:LBRDA) opened at $87.73 on Friday. The company has a current ratio of 11.64, a quick ratio of 11.64 and a debt-to-equity ratio of 0.06. The company has a market cap of $15,952.12, a P/E ratio of 877.30 and a beta of 1.37. Liberty Broadband Corporation has a fifty-two week low of $66.32 and a fifty-two week high of $104.35.

Liberty Broadband Corporation (NASDAQ:LBRDA) last posted its earnings results on Thursday, November 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.08). Liberty Broadband Corporation had a net margin of 142.94% and a return on equity of 0.22%.

Several analysts recently commented on LBRDA shares. Telsey Advisory Group restated an “outperform” rating and set a $125.00 price target (up from $95.00) on shares of Liberty Broadband Corporation in a report on Thursday, September 7th. Pivotal Research restated a “buy” rating and set a $108.00 price target (up from $107.00) on shares of Liberty Broadband Corporation in a report on Tuesday, August 15th. BidaskClub upgraded shares of Liberty Broadband Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Finally, TheStreet cut shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a report on Wednesday, August 16th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $111.67.

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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