Dark Forest Capital Management LP Sells 18,675 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Dark Forest Capital Management LP lowered its holdings in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 25.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,231 shares of the company's stock after selling 18,675 shares during the period. Liberty Broadband comprises about 0.6% of Dark Forest Capital Management LP's investment portfolio, making the stock its 12th biggest holding. Dark Forest Capital Management LP's holdings in Liberty Broadband were worth $4,129,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of LBRDK. Smartleaf Asset Management LLC grew 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 buying an additional 154 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of Liberty Broadband by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 3,757 shares of the company's stock worth $281,000 after purchasing an additional 199 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Liberty Broadband by 0.6% during the 4th quarter. Handelsbanken Fonder AB now owns 33,300 shares of the company's stock valued at $2,490,000 after purchasing an additional 200 shares in the last quarter. Wealthspire Advisors LLC lifted its stake in shares of Liberty Broadband by 5.7% in the 4th quarter. Wealthspire Advisors LLC now owns 4,543 shares of the company's stock valued at $340,000 after purchasing an additional 244 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in Liberty Broadband by 0.8% in the fourth quarter. Arizona State Retirement System now owns 33,799 shares of the company's stock worth $2,527,000 after purchasing an additional 265 shares in the last quarter. Institutional investors own 80.22% of the company's stock.

Liberty Broadband Stock Performance

Shares of LBRDK traded up $1.09 on Monday, reaching $87.32. 374,414 shares of the stock traded hands, compared to its average volume of 839,794. The firm has a market cap of $12.51 billion, a price-to-earnings ratio of 16.07 and a beta of 1.03. Liberty Broadband Co. has a 12 month low of $48.89 and a 12 month high of $101.50. The stock's 50-day moving average price is $81.44 and its 200-day moving average price is $81.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.67 by ($1.63). The business had revenue of $253.00 million during 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%. Equities analysts forecast that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Liberty Broadband in a report on Tuesday, April 22nd. They set a "sell" rating for the company.

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.