Aristeia Capital L.L.C. Sells 68,613 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Aristeia Capital L.L.C. lowered its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,476,696 shares of the company's stock after selling 68,613 shares during the quarter. Liberty Broadband makes up 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 SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its holdings in Liberty Broadband by 61.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock valued at $30,000 after buying an additional 154 shares in the last quarter. Blue Trust Inc. increased its position in Liberty Broadband by 134.3% in the fourth quarter. Blue Trust Inc. now owns 464 shares of the company's stock worth $36,000 after purchasing an additional 266 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Liberty Broadband by 138.0% during the fourth quarter. Jones Financial Companies Lllp now owns 488 shares of the company's stock valued at $36,000 after purchasing an additional 283 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in Liberty Broadband during the fourth quarter valued at $36,000. Finally, R Squared Ltd purchased a new position in shares of Liberty Broadband in the 4th quarter worth $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 Wednesday, April 30th. They issued a "sell" rating for the company.

Liberty Broadband Trading Down 0.1 %

NASDAQ:LBRDK traded down $0.07 during midday trading on Wednesday, hitting $93.47. 782,307 shares of the company traded hands, compared to its average volume of 1,036,547. The firm has a market capitalization of $13.39 billion, a P/E ratio of 17.21 and a beta of 1.02. The firm's fifty day moving average is $82.69 and its 200-day moving average is $81.98. Liberty Broadband Co. has a 12-month low of $49.38 and a 12-month high of $101.50. 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 posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 earnings per share for 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 EPS for the current year.

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.