MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Lowers Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 17.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,252 shares of the company's stock after selling 4,732 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Liberty Broadband were worth $1,664,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Deutsche Bank AG increased its stake in Liberty Broadband by 125.6% in the 4th quarter. Deutsche Bank AG now owns 3,060,143 shares of the company's stock valued at $228,776,000 after purchasing an additional 1,703,637 shares in the last quarter. Madison Investment Advisors LLC purchased a new position in Liberty Broadband in the 4th quarter valued at approximately $122,714,000. Norges Bank purchased a new position in Liberty Broadband in the 4th quarter valued at approximately $100,845,000. Adage Capital Partners GP L.L.C. increased its stake in Liberty Broadband by 425.3% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,231,136 shares of the company's stock valued at $92,040,000 after purchasing an additional 996,764 shares in the last quarter. Finally, Pentwater Capital Management LP increased its stake in Liberty Broadband by 454.0% in the 4th quarter. Pentwater Capital Management LP now owns 1,108,000 shares of the company's stock valued at $82,834,000 after purchasing an additional 908,000 shares in the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen started coverage on Liberty Broadband in a report on Friday, May 16th. They set a "sell" rating on the stock.

Liberty Broadband Price Performance

NASDAQ:LBRDK traded down $1.38 during trading hours on Thursday, reaching $94.97. 219,225 shares of the company traded hands, compared to its average volume of 898,511. The firm's 50-day moving average is $86.94 and its 200-day moving average is $83.11. The stock has a market cap of $13.61 billion, a P/E ratio of 17.47 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 Co. has a 1-year low of $49.38 and a 1-year high of $104.00.

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. The firm had revenue of $256.00 million for the quarter. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. Equities research analysts expect 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.