Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Bank of Montreal Can

Bank of Montreal Can reduced its stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 73.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,816 shares of the company's stock after selling 202,790 shares during the period. Bank of Montreal Can owned approximately 0.05% of Liberty Broadband worth $5,444,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LBRDK. Smartleaf Asset Management LLC lifted 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 worth $30,000 after buying an additional 154 shares during the last quarter. Blue Trust Inc. raised its position in shares of 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 acquiring an additional 266 shares in the last quarter. Jones Financial Companies Lllp lifted 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 worth $36,000 after purchasing an additional 283 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in Liberty Broadband in the fourth quarter valued at approximately $36,000. Finally, R Squared Ltd purchased a new position in Liberty Broadband in the fourth quarter valued at approximately $37,000. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a research report on Monday, April 14th. They set a "sell" rating on the stock.

Liberty Broadband Stock Performance

Shares of LBRDK stock traded up $1.62 during midday trading on Friday, hitting $78.22. The company had a trading volume of 661,821 shares, compared to its average volume of 1,045,077. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $101.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The company's 50 day simple moving average is $81.68 and its 200 day simple moving average is $81.46. The stock has a market cap of $11.21 billion, a price-to-earnings ratio of 14.41 and a beta of 1.03.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing analysts' consensus estimates of $3.67 by ($1.63). The firm had revenue of $253.00 million for the quarter, compared to analysts' expectations of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. Research analysts anticipate that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

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.