Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Cheviot Value Management LLC

Cheviot Value Management LLC lessened its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 135,130 shares of the company's stock after selling 6,418 shares during the quarter. Liberty Broadband makes up about 1.9% of Cheviot Value Management LLC's portfolio, making the stock its 19th biggest holding. Cheviot Value Management LLC owned approximately 0.09% of Liberty Broadband worth $10,102,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Madison Investment Advisors LLC acquired a new position in shares of Liberty Broadband during the 4th quarter valued at about $122,714,000. Norges Bank acquired a new position in shares of Liberty Broadband during the 4th quarter valued at about $100,845,000. Adage Capital Partners GP L.L.C. boosted its position in shares of Liberty Broadband by 425.3% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,231,136 shares of the company's stock valued at $92,040,000 after acquiring an additional 996,764 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Liberty Broadband by 23.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company's stock valued at $268,045,000 after acquiring an additional 686,089 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new position in shares of Liberty Broadband during the 4th quarter valued at about $46,906,000. Institutional investors and hedge funds own 80.22% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a research report on Wednesday. They issued a "sell" rating on the stock.

Liberty Broadband Trading Down 0.2 %

NASDAQ LBRDK traded down $0.20 during trading hours on Wednesday, reaching $88.80. The company had a trading volume of 263,083 shares, compared to its average volume of 1,036,827. The stock has a market capitalization of $12.72 billion, a P/E ratio of 16.35 and a beta of 1.03. Liberty Broadband Co. has a 1-year low of $48.89 and a 1-year 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. The stock has a 50-day moving average of $81.70 and a 200 day moving average of $81.61.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.67 by ($1.63). The business had revenue of $253.00 million for the quarter, compared to analyst estimates 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 anticipate that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal 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.