Liberty Broadband Co. (NASDAQ:LBRDK) Stock Holdings Reduced by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. lowered its holdings in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 22.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 235,835 shares of the company's stock after selling 67,001 shares during the quarter. Balyasny Asset Management L.P. owned 0.17% of Liberty Broadband worth $17,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Smartleaf Asset Management LLC lifted its stake in shares of Liberty Broadband by 61.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock valued at $30,000 after purchasing an additional 154 shares during the last quarter. Blue Trust Inc. grew its stake in Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company's stock worth $36,000 after buying an additional 266 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Liberty Broadband by 138.0% during the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company's stock worth $36,000 after buying an additional 283 shares during the last quarter. Lee Danner & Bass Inc. acquired a new stake in Liberty Broadband during the 4th quarter worth about $36,000. Finally, R Squared Ltd acquired a new position in shares of Liberty Broadband in the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 80.22% of the company's stock.

Liberty Broadband Stock Performance

LBRDK traded up $2.11 during trading on Tuesday, reaching $95.54. The company's stock had a trading volume of 241,616 shares, compared to its average volume of 1,021,807. The company's fifty day moving average price is $83.41 and its 200-day moving average price is $82.35. The company has a market capitalization of $13.69 billion, a price-to-earnings ratio of 17.59 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. Liberty Broadband Co. has a 52-week low of $49.38 and a 52-week high of $101.50.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Liberty Broadband in a research report on Thursday, May 8th. They issued a "sell" rating for the company.

Liberty Broadband 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.