Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. lessened its stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,476,696 shares of the company's stock after selling 68,613 shares during the period. Liberty Broadband comprises 16.3% of Aristeia Capital L.L.C.'s portfolio, making the stock its biggest holding. Aristeia Capital L.L.C. owned approximately 4.53% of Liberty Broadband worth $484,198,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its holdings in Liberty Broadband by 61.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock worth $30,000 after acquiring an additional 154 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Liberty Broadband by 134.3% in the fourth quarter. Blue Trust Inc. now owns 464 shares of the company's stock valued at $36,000 after acquiring an additional 266 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Liberty Broadband by 138.0% during the fourth quarter. Jones Financial Companies Lllp now owns 488 shares of the company's stock worth $36,000 after purchasing an additional 283 shares during the period. Lee Danner & Bass Inc. bought a new position in shares of Liberty Broadband in the fourth quarter worth $36,000. Finally, R Squared Ltd bought a new stake in shares of Liberty Broadband during the 4th quarter worth approximately $37,000. Institutional investors own 80.22% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a report on Thursday. They issued a "sell" rating for the company.

Liberty Broadband Trading Up 1.0 %

NASDAQ LBRDK traded up $0.91 during trading on Thursday, hitting $94.34. The company had a trading volume of 257,096 shares, compared to its average volume of 1,026,113. Liberty Broadband Co. has a one year low of $49.38 and a one year high of $101.50. The company has a market cap of $13.52 billion, a price-to-earnings ratio of 17.37 and a beta of 1.02. The company's fifty day moving average is $82.91 and its 200-day moving average is $82.06. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter. The business had revenue of $256.00 million during the quarter. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. On average, sell-side analysts predict that Liberty Broadband Co. will post 7.71 earnings per share for the current year.

About Liberty Broadband

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.