Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Nuveen Asset Management LLC

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

Several other hedge funds and other institutional investors have also made changes to their positions in LBRDK. Barclays PLC raised its holdings in 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 acquiring an additional 415,496 shares in the last quarter. Atomi Financial Group Inc. acquired a new stake in Liberty Broadband in the fourth quarter valued at approximately $210,000. Blue Trust Inc. raised its holdings in Liberty Broadband by 134.3% in the fourth quarter. Blue Trust Inc. now owns 464 shares of the company's stock valued at $36,000 after acquiring an additional 266 shares in the last quarter. KBC Group NV raised its holdings in Liberty Broadband by 25.6% in the fourth quarter. KBC Group NV now owns 7,402 shares of the company's stock valued at $553,000 after acquiring an additional 1,509 shares in the last quarter. Finally, Nilsine Partners LLC raised its holdings in Liberty Broadband by 234.8% in the fourth quarter. Nilsine Partners LLC now owns 9,870 shares of the company's stock valued at $738,000 after acquiring an additional 6,922 shares in the last quarter. Hedge funds and other institutional investors own 80.22% of the company's stock.

Liberty Broadband Stock Down 3.0%

LBRDK stock traded down $2.90 during midday trading on Thursday, reaching $93.45. 654,789 shares of the company were exchanged, compared to its average volume of 1,036,601. 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 Co. has a 1-year low of $49.38 and a 1-year high of $104.00. The stock's 50-day simple moving average is $86.94 and its 200 day simple moving average is $83.11. The company has a market cap of $13.39 billion, a price-to-earnings ratio of 17.28 and a beta of 1.02.

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 business had revenue of $256.00 million for the quarter. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. On average, equities analysts forecast that Liberty Broadband Co. will post 7.71 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.