Rothschild & Co Wealth Management UK Ltd Sells 6,088 Shares of Liberty Broadband Corporation (NASDAQ:LBRDK)

Key Points

• Rothschild & Co Wealth Management UK Ltd decreased its holdings in Liberty Broadband Corporation by 0.7% in Q1, owning approximately 832,881 shares worth $70.84 million.
• Institutional investors like Vanguard Group Inc. and Deutsche Bank AG have increased their investments in Liberty Broadband, with Vanguard boosting its stake by 0.9% and Deutsche Bank raising its position by 125.6% in the last quarter.
• Liberty Broadband shares are currently trading down 4.6%, with a market cap of $12.43 billion and a price-to-earnings ratio of 13.86.

Rothschild & Co Wealth Management UK Ltd reduced its position in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 0.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 832,881 shares of the company's stock after selling 6,088 shares during the period. Liberty Broadband accounts for approximately 1.2% of Rothschild & Co Wealth Management UK Ltd's investment portfolio, making the stock its 14th largest holding. Rothschild & Co Wealth Management UK Ltd owned approximately 0.58% of Liberty Broadband worth $70,837,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vestor Capital LLC acquired a new stake in shares of Liberty Broadband during the first quarter worth $44,000. Continuum Advisory LLC acquired a new stake in shares of Liberty Broadband during the first quarter worth $58,000. Quarry LP grew its stake in shares of Liberty Broadband by 131.6% during the fourth quarter. Quarry LP now owns 836 shares of the company's stock worth $62,000 after purchasing an additional 475 shares during the period. Versant Capital Management Inc grew its stake in shares of Liberty Broadband by 171.6% during the first quarter. Versant Capital Management Inc now owns 1,657 shares of the company's stock worth $141,000 after purchasing an additional 1,047 shares during the period. Finally, CWM LLC grew its stake in shares of Liberty Broadband by 6.4% during the first quarter. CWM LLC now owns 2,309 shares of the company's stock worth $196,000 after purchasing an additional 138 shares during the period. 80.22% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Liberty Broadband to a "hold" rating in a research note on Saturday, July 12th.

Liberty Broadband Stock Down 3.3%

Shares of LBRDK stock traded down $2.22 on Tuesday, hitting $65.31. 1,199,360 shares of the stock were exchanged, compared to its average volume of 1,132,228. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $9.36 billion, a P/E ratio of 10.43 and a beta of 1.01. The business has a 50-day moving average of $93.15 and a 200 day moving average of $86.23. Liberty Broadband Corporation has a fifty-two week low of $58.35 and a fifty-two week high of $104.00.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter. The company had revenue of $256.00 million during the quarter. Liberty Broadband had a return on equity of 9.24% and a net margin of 88.10%. Equities analysts anticipate that Liberty Broadband Corporation will post 7.71 EPS for the current year.

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.