Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 5.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,213 shares of the company's stock after selling 8,261 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.10% of Liberty Broadband worth $10,632,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in shares of Liberty Broadband by 61.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock valued at $30,000 after acquiring an additional 154 shares in the last quarter. Blue Trust Inc. increased its position in Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company's stock valued at $36,000 after purchasing an additional 266 shares during the period. Lee Danner & Bass Inc. bought a new stake in shares of Liberty Broadband in the 4th quarter valued at about $36,000. Jones Financial Companies Lllp lifted its position in shares of Liberty Broadband by 138.0% in the 4th 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 period. Finally, R Squared Ltd bought a new position in shares of Liberty Broadband during the fourth quarter valued at approximately $37,000. 80.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Liberty Broadband in a report on Tuesday. They set a "sell" rating for the company.

Liberty Broadband Stock Down 1.0 %

Shares of NASDAQ:LBRDK traded down $0.78 during trading on Thursday, reaching $77.57. The stock had a trading volume of 230,511 shares, compared to its average volume of 1,041,690. The firm's 50-day simple moving average is $81.43 and its 200 day simple moving average is $81.42. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a one year low of $46.46 and a one year high of $101.50. The company has a market capitalization of $11.11 billion, a P/E ratio of 14.27 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.67 by ($1.63). The firm 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.

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.