Makaira Partners LLC Has $12.54 Million Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Makaira Partners LLC lessened its position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 56.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 167,681 shares of the company's stock after selling 221,635 shares during the period. Liberty Broadband makes up about 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 reporting period.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Liberty Broadband by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company's stock valued at $827,176,000 after buying an additional 95,599 shares during the period. Barclays PLC boosted its holdings in shares of Liberty Broadband by 6.4% in the third quarter. Barclays PLC now owns 6,899,331 shares of the company's stock valued at $533,251,000 after buying an additional 415,496 shares during the period. Deutsche Bank AG boosted its holdings in shares of Liberty Broadband by 125.6% in the fourth quarter. Deutsche Bank AG now owns 3,060,143 shares of the company's stock valued at $228,776,000 after buying an additional 1,703,637 shares during the period. Finepoint Capital LP boosted its holdings in shares of Liberty Broadband by 1.1% in the fourth quarter. Finepoint Capital LP now owns 2,015,710 shares of the company's stock valued at $150,694,000 after buying an additional 21,200 shares during the period. Finally, Madison Investment Advisors LLC acquired a new position in shares of Liberty Broadband in the fourth quarter valued at approximately $122,714,000. 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 report on Friday, May 16th. They issued a "sell" rating for the company.

Liberty Broadband Stock Down 0.3%

LBRDK traded down $0.29 during trading hours on Wednesday, hitting $96.35. 1,092,659 shares of the company's stock were exchanged, compared to its average volume of 1,037,939. Liberty Broadband Co. has a 1-year low of $49.38 and a 1-year high of $104.00. The stock's 50-day moving average is $86.94 and its two-hundred day moving average is $83.11. The stock has a market cap of $13.81 billion, a price-to-earnings ratio of 17.74 and a beta of 1.02. 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 (NASDAQ:LBRDK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $1.87 EPS 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 during the quarter. Sell-side analysts predict that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal 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.