Makaira Partners LLC Sells 221,635 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Makaira Partners LLC lowered its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 56.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 167,681 shares of the company's stock after selling 221,635 shares during the quarter. Liberty Broadband comprises 2.0% of Makaira Partners LLC's investment portfolio, making the stock its 11th biggest holding. Makaira Partners LLC owned about 0.12% of Liberty Broadband worth $12,536,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of LBRDK. Barclays PLC raised its holdings in shares of Liberty Broadband by 6.4% in the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company's stock worth $533,251,000 after acquiring an additional 415,496 shares during the last quarter. ABC Arbitrage SA purchased a new stake in Liberty Broadband in the 4th quarter valued at about $563,000. Canada Pension Plan Investment Board increased its stake in Liberty Broadband by 331.4% in the 4th quarter. Canada Pension Plan Investment Board now owns 228,200 shares of the company's stock valued at $17,060,000 after buying an additional 175,300 shares during the last quarter. Wolverine Asset Management LLC increased its stake in Liberty Broadband by 458.8% in the 4th quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company's stock valued at $710,000 after buying an additional 7,799 shares during the last quarter. Finally, Investment Management Associates Inc. ADV increased its stake in Liberty Broadband by 2.1% in the 4th quarter. Investment Management Associates Inc. ADV now owns 223,440 shares of the company's stock valued at $16,704,000 after buying an additional 4,640 shares during the last quarter. Institutional investors own 80.22% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen initiated coverage on shares of Liberty Broadband in a research note on Friday, May 16th. They issued a "sell" rating for the company.

Liberty Broadband Stock Performance

Shares of Liberty Broadband stock traded down $0.44 on Friday, reaching $93.18. 1,729,190 shares of the company traded hands, compared to its average volume of 1,039,389. Liberty Broadband Co. has a 52 week low of $49.38 and a 52 week high of $104.00. The company has a 50 day moving average of $87.25 and a 200 day moving average of $83.04. The firm has a market capitalization of $13.36 billion, a PE ratio of 17.16 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its earnings results 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 firm had revenue of $256.00 million during the quarter. Equities analysts forecast that Liberty Broadband Co. will post 7.71 earnings per share for the current year.

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.