Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. trimmed its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 59.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 544,893 shares of the company's stock after selling 809,055 shares during the period. D. E. Shaw & Co. Inc. owned about 0.38% of Liberty Broadband worth $40,736,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Liberty Broadband by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company's stock worth $827,176,000 after purchasing an additional 95,599 shares during the period. Barclays PLC grew its position in Liberty Broadband by 6.4% during the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company's stock worth $533,251,000 after purchasing an additional 415,496 shares during the period. Assenagon Asset Management S.A. grew its position in 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 worth $268,045,000 after purchasing an additional 686,089 shares during the period. Deutsche Bank AG grew its position in shares of Liberty Broadband by 125.6% during the 4th quarter. Deutsche Bank AG now owns 3,060,143 shares of the company's stock valued at $228,776,000 after acquiring an additional 1,703,637 shares during the period. Finally, Finepoint Capital LP grew its position in shares of Liberty Broadband by 1.1% during the 4th quarter. Finepoint Capital LP now owns 2,015,710 shares of the company's stock valued at $150,694,000 after acquiring an additional 21,200 shares during the period. 80.22% of the stock is currently owned by institutional investors.

Liberty Broadband Stock Performance

NASDAQ LBRDK traded up $0.88 during trading hours on Wednesday, hitting $96.13. The company had a trading volume of 555,672 shares, compared to its average volume of 1,022,604. 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 1-year low of $49.38 and a 1-year high of $101.50. The company has a market cap of $13.77 billion, a PE ratio of 17.70 and a beta of 1.02. The business has a 50 day moving average of $83.57 and a 200-day moving average of $82.44.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter. The firm had revenue of $256.00 million during the quarter. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. As a group, equities research analysts expect that Liberty Broadband Co. will post 7.71 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Liberty Broadband in a research note on Thursday, May 8th. They issued a "sell" rating on the stock.

About Liberty Broadband

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.