Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. reduced its stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 80.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted 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 during the last quarter. Blue Trust Inc. lifted 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 valued at $36,000 after acquiring an additional 266 shares in the last quarter. Lee Danner & Bass Inc. purchased a new stake in shares of Liberty Broadband in the 4th quarter valued at approximately $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 valued at $36,000 after acquiring an additional 283 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Liberty Broadband in the 4th quarter valued at approximately $37,000. 80.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Liberty Broadband in a research report on Friday. They issued a "sell" rating for the company.

Liberty Broadband Stock Down 2.2%

Shares of NASDAQ:LBRDK opened at $99.08 on Tuesday. 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 company has a market cap of $14.20 billion, a PE ratio of 18.25 and a beta of 1.02. Liberty Broadband Co. has a 52 week low of $49.38 and a 52 week high of $104.00. The firm has a 50 day simple moving average of $84.79 and a 200 day simple moving average of $82.87.

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

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