Rhumbline Advisers reduced its stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 3.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 125,747 shares of the company's stock after selling 5,111 shares during the quarter. Rhumbline Advisers owned about 0.09% of Liberty Broadband worth $10,695,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. raised its stake in Liberty Broadband by 134.3% in the 4th quarter. Blue Trust Inc. now owns 464 shares of the company's stock worth $36,000 after acquiring an additional 266 shares during the last quarter. Choreo LLC acquired a new position in shares of Liberty Broadband in the fourth quarter valued at about $210,000. Empowered Funds LLC acquired a new position in shares of Liberty Broadband in the fourth quarter valued at about $424,000. Entropy Technologies LP purchased a new position in shares of Liberty Broadband in the fourth quarter worth about $349,000. Finally, ABC Arbitrage SA acquired a new stake in shares of Liberty Broadband during the fourth quarter worth about $563,000. 80.22% of the stock is owned by hedge funds and other institutional investors.
Liberty Broadband Price Performance
LBRDK traded down $1.80 during trading on Friday, reaching $92.23. The company's stock had a trading volume of 1,789,294 shares, compared to its average volume of 1,014,704. The company has a market cap of $13.22 billion, a price-to-earnings ratio of 16.99 and a beta of 1.00. The firm has a fifty day simple moving average of $89.00 and a two-hundred day simple moving average of $83.42. Liberty Broadband Co. has a 1 year low of $49.38 and a 1 year high of $104.00. 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 quarterly earnings data 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%. As a group, analysts anticipate that Liberty Broadband Co. will post 7.71 EPS for the current year.
Analyst Ratings Changes
Separately, Wall Street Zen assumed coverage on shares of Liberty Broadband in a research report on Friday, May 16th. They set a "sell" rating for the company.
Get Our Latest Stock Report on Liberty Broadband
Liberty Broadband Company Profile
(
Free Report)
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.
Featured Stories
Before you consider Liberty Broadband, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Liberty Broadband wasn't on the list.
While Liberty Broadband currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
