Dimensional Fund Advisors LP Sells 63,055 Shares of Liberty Broadband Corporation $LBRDA

Key Points

• Dimensional Fund Advisors reduced its Liberty Broadband stake by 15.1% in the first quarter, selling 63,055 shares and retaining 354,244 shares valued at approximately $17.8 million.
• Liberty Broadband shares opened at $35.93, down 3.1%, with a market capitalization of $5.16 billion. The stock has traded between $26.14 and $65.40 over the past year.
• Analyst sentiment remains negative: Weiss Ratings downgraded the stock further within its “sell” category, and MarketBeat data shows an average rating of “Sell.”

Dimensional Fund Advisors LP reduced its stake in Liberty Broadband Corporation (NASDAQ:LBRDA - Free Report) by 15.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 354,244 shares of the company's stock after selling 63,055 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.25% of Liberty Broadband worth $17,793,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Comerica Bank increased its stake in Liberty Broadband by 104.2% in the 4th quarter. Comerica Bank now owns 1,027 shares of the company's stock valued at $50,000 after buying an additional 524 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Liberty Broadband by 66.2% during the 2nd quarter. Franklin Resources Inc. now owns 615 shares of the company's stock valued at $60,000 after purchasing an additional 245 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its position in Liberty Broadband by 22.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,377 shares of the company's stock worth $66,000 after acquiring an additional 248 shares during the period. Parallel Advisors LLC raised its holdings in shares of Liberty Broadband by 388.4% in the 1st quarter. Parallel Advisors LLC now owns 2,154 shares of the company's stock worth $108,000 after purchasing an additional 1,713 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in Liberty Broadband by 26.4% during the third quarter. CIBC Private Wealth Group LLC now owns 2,621 shares of the company's stock valued at $166,000 after purchasing an additional 547 shares during the last quarter. 10.29% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Trading Down 3.1%

NASDAQ LBRDA opened at $35.93 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.10. Liberty Broadband Corporation has a twelve month low of $26.14 and a twelve month high of $65.40. The firm has a market capitalization of $5.16 billion, a PE ratio of -5.14 and a beta of 0.64. The stock's 50 day moving average is $31.93 and its 200 day moving average is $41.95.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $1.41 earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Liberty Broadband from a "sell (d)" rating to a "sell (d-)" rating in a research note on Monday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of "Sell".

Liberty Broadband Profile

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter's Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.

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