Barclays PLC Lowers Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

Barclays PLC reduced its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,475,977 shares of the company's stock after selling 423,354 shares during the period. Barclays PLC owned 4.53% of Liberty Broadband worth $484,144,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LBRDK. ABC Arbitrage SA bought a new stake in Liberty Broadband during the 4th quarter valued at approximately $563,000. Wolverine Asset Management LLC boosted its position in shares of Liberty Broadband by 458.8% during the fourth quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company's stock worth $710,000 after acquiring an additional 7,799 shares during the last quarter. Everence Capital Management Inc. purchased a new position in Liberty Broadband during the fourth quarter valued at $229,000. Investment Management Associates Inc. ADV lifted its stake in Liberty Broadband by 2.1% in the 4th quarter. Investment Management Associates Inc. ADV now owns 223,440 shares of the company's stock worth $16,704,000 after purchasing an additional 4,640 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Liberty Broadband by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 972,544 shares of the company's stock valued at $72,707,000 after purchasing an additional 32,376 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors.

Liberty Broadband Price Performance

LBRDK stock traded up $1.62 during trading on Friday, hitting $78.22. 661,821 shares of the company's stock traded hands, compared to its average volume of 1,045,077. The business has a fifty day simple moving average of $81.68 and a 200 day simple moving average of $81.46. 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 quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization 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 released its quarterly earnings results on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing the consensus estimate of $3.67 by ($1.63). The company had revenue of $253.00 million during 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%. As a group, research analysts expect that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Liberty Broadband in a research report on Monday, April 14th. They issued a "sell" rating on the stock.

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.