Laird Norton Wetherby Wealth Management LLC Lowers Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Laird Norton Wetherby Wealth Management LLC lessened its stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 71.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,100 shares of the company's stock after selling 7,851 shares during the quarter. Laird Norton Wetherby Wealth Management LLC's holdings in Liberty Broadband were worth $232,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of LBRDK. Smartleaf Asset Management LLC raised its stake in Liberty Broadband by 61.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock valued at $30,000 after purchasing an additional 154 shares in the last quarter. Blue Trust Inc. raised its stake in Liberty Broadband by 134.3% during the fourth quarter. Blue Trust Inc. now owns 464 shares of the company's stock valued at $36,000 after purchasing an additional 266 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Liberty Broadband by 138.0% during the fourth quarter. Jones Financial Companies Lllp now owns 488 shares of the company's stock valued at $36,000 after purchasing an additional 283 shares in the last quarter. Lee Danner & Bass Inc. purchased a new stake in Liberty Broadband during the fourth quarter valued at $36,000. Finally, R Squared Ltd purchased a new stake in Liberty Broadband during the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 80.22% of the company's stock.

Liberty Broadband Trading Up 4.1%

LBRDK stock opened at $101.29 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a twelve month low of $49.38 and a twelve month high of $104.00. The stock has a market capitalization of $14.51 billion, a price-to-earnings ratio of 18.65 and a beta of 1.02. The firm's fifty day simple moving average is $84.41 and its two-hundred day simple moving average is $82.79.

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

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a research report on Friday. They set 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.

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