Nuveen Asset Management LLC Sells 13,707 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Nuveen Asset Management LLC decreased its stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 211,238 shares of the company's stock after selling 13,707 shares during the period. Nuveen Asset Management LLC owned 0.15% of Liberty Broadband worth $15,792,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in LBRDK. Smartleaf Asset Management LLC grew 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 worth $30,000 after purchasing an additional 154 shares during the period. Blue Trust Inc. boosted its stake in Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company's stock valued at $36,000 after purchasing an additional 266 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Liberty Broadband by 138.0% during the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company's stock worth $36,000 after purchasing an additional 283 shares in the last quarter. Lee Danner & Bass Inc. purchased a new stake in shares of Liberty Broadband in the fourth quarter worth approximately $36,000. Finally, R Squared Ltd bought a new position in shares of Liberty Broadband in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 80.22% of the company's stock.

Liberty Broadband Stock Down 0.5%

NASDAQ:LBRDK traded down $0.49 on Friday, hitting $93.13. The stock had a trading volume of 191,110 shares, compared to its average volume of 900,772. Liberty Broadband Co. has a 1 year low of $49.38 and a 1 year high of $104.00. The firm's fifty day simple moving average is $87.11 and its two-hundred day simple moving average is $83.07. The stock has a market cap of $13.35 billion, a P/E ratio of 17.14 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.

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

Analysts Set New Price Targets

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

Liberty Broadband Company 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.