Rhumbline Advisers Decreases Stock Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Rhumbline Advisers lowered its position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 3.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 125,747 shares of the company's stock after selling 5,111 shares during the period. Rhumbline Advisers owned 0.09% of Liberty Broadband worth $10,695,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. lifted its position in shares of Liberty Broadband by 0.5% during the 4th quarter. Ameriprise Financial Inc. now owns 27,909 shares of the company's stock valued at $2,086,000 after acquiring an additional 131 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Liberty Broadband by 61.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock valued at $30,000 after purchasing an additional 154 shares during the period. Northeast Financial Consultants Inc raised its holdings in shares of Liberty Broadband by 6.3% during the fourth quarter. Northeast Financial Consultants Inc now owns 2,989 shares of the company's stock valued at $223,000 after purchasing an additional 177 shares during the period. CIBC Asset Management Inc grew its stake in shares of Liberty Broadband by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 3,757 shares of the company's stock valued at $281,000 after buying an additional 199 shares during the period. Finally, Handelsbanken Fonder AB grew its stake in shares of Liberty Broadband by 0.6% in the 4th quarter. Handelsbanken Fonder AB now owns 33,300 shares of the company's stock valued at $2,490,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 80.22% of the company's stock.

Liberty Broadband Stock Up 3.0%

Shares of Liberty Broadband stock traded up $2.80 on Tuesday, hitting $96.43. The company had a trading volume of 1,237,165 shares, compared to its average volume of 1,009,647. The stock has a 50 day moving average of $88.05 and a 200-day moving average of $83.19. Liberty Broadband Co. has a 1 year low of $49.38 and a 1 year high of $104.00. The stock has a market capitalization of $13.82 billion, a price-to-earnings ratio of 17.76 and a beta of 1.00. 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 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 company had revenue of $256.00 million during the quarter. As a group, sell-side 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 Liberty Broadband in a report on Friday, May 16th. They issued a "sell" rating on the stock.

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.