Liberty Broadband Corporation (NASDAQ:LBRDA) is Wittenberg Investment Management Inc.'s 6th Largest Position

Key Points

• Wittenberg Investment Management Inc. reduced its holdings in Liberty Broadband by 15.0%, now owning 81,555 shares worth approximately $6.93 million, marking it as the firm's 6th largest position.
• Liberty Broadband's recent earnings report showed earnings per share (EPS) of $1.87, significantly exceeding analysts' estimates of $1.20, with total revenue of $266 million for the quarter.
• The company has a market capitalization of $8.51 billion and has seen share price fluctuations, with a twelve-month low of $57.34 and a high of $102.38.

Wittenberg Investment Management Inc. lowered its stake in Liberty Broadband Corporation (NASDAQ:LBRDA - Free Report) by 15.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,555 shares of the company's stock after selling 14,389 shares during the period. Liberty Broadband accounts for approximately 3.1% of Wittenberg Investment Management Inc.'s holdings, making the stock its 6th biggest holding. Wittenberg Investment Management Inc. owned 0.06% of Liberty Broadband worth $6,932,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. American National Bank & Trust purchased a new stake in Liberty Broadband during the 1st quarter valued at about $32,000. Farther Finance Advisors LLC lifted its holdings in Liberty Broadband by 54.2% during the first quarter. Farther Finance Advisors LLC now owns 566 shares of the company's stock valued at $48,000 after purchasing an additional 199 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in Liberty Broadband by 48.2% during the fourth quarter. Sterling Capital Management LLC now owns 815 shares of the company's stock valued at $61,000 after purchasing an additional 265 shares in the last quarter. CWM LLC lifted its holdings in shares of Liberty Broadband by 38.4% in the first quarter. CWM LLC now owns 1,963 shares of the company's stock worth $167,000 after buying an additional 545 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in shares of Liberty Broadband by 8,480.0% in the fourth quarter. Lazard Asset Management LLC now owns 2,145 shares of the company's stock worth $159,000 after buying an additional 2,120 shares in the last quarter. Institutional investors own 10.29% of the company's stock.

Liberty Broadband Trading Down 0.2%

LBRDA stock traded down $0.14 during mid-day trading on Monday, reaching $57.93. 51,187 shares of the stock traded hands, compared to its average volume of 156,517. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. Liberty Broadband Corporation has a one year low of $57.34 and a one year high of $102.38. The stock has a market capitalization of $8.30 billion, a PE ratio of 7.64 and a beta of 0.95. The business has a 50-day moving average price of $86.17 and a two-hundred day moving average price of $84.52.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $2.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $1.31. The firm had revenue of $261.00 million during the quarter, compared to analyst estimates of $251.70 million. Liberty Broadband had a net margin of 103.04% and a return on equity of 10.89%.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.