Point72 Asset Management L.P. decreased its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 80.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 58,020 shares of the company's stock after selling 236,621 shares during the period. Point72 Asset Management L.P.'s holdings in Liberty Broadband were worth $4,338,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position 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 worth $30,000 after buying an additional 154 shares during the last quarter. Blue Trust Inc. grew its position in shares of Liberty Broadband by 134.3% in the 4th quarter. Blue Trust Inc. now owns 464 shares of the company's stock worth $36,000 after buying an additional 266 shares during the last quarter. Jones Financial Companies Lllp grew 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 buying an additional 283 shares during the last quarter. Lee Danner & Bass Inc. purchased a new position in shares of Liberty Broadband in the 4th quarter worth approximately $36,000. Finally, R Squared Ltd purchased a new position in shares of Liberty Broadband in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 80.22% of the company's stock.
Analysts Set New Price Targets
Separately, Wall Street Zen assumed coverage on shares of Liberty Broadband in a research note on Friday, May 16th. They issued a "sell" rating for the company.
Check Out Our Latest Analysis on LBRDK
Liberty Broadband Stock Performance
Shares of LBRDK traded down $0.77 during trading hours on Friday, hitting $96.16. The stock had a trading volume of 947,807 shares, compared to its average volume of 1,033,648. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a 50-day moving average price of $86.13 and a 200 day moving average price of $82.93. Liberty Broadband Co. has a fifty-two week low of $49.38 and a fifty-two week high of $104.00. The firm has a market capitalization of $13.78 billion, a price-to-earnings ratio of 17.71 and a beta of 1.02.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 EPS for the quarter. The company 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, research analysts anticipate that Liberty Broadband Co. will post 7.71 EPS for the current year.
About Liberty Broadband
(
Free Report)
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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