Seizert Capital Partners LLC Lowers Stake in Liberty Broadband Corporation (NASDAQ:LBRDK)

Key Points

• Seizert Capital Partners LLC significantly reduced its stake in Liberty Broadband Corporation by 94.6%, holding only 5,144 shares valued at approximately $437,000 as of the latest SEC filing.
• Several institutional investors increased their positions in Liberty Broadband, with Versant Capital Management Inc growing its stake by 171.6% during the first quarter.
• Liberty Broadband's stock recently fell by 5.6%, trading at $63.73, while the company has a market cap of $9.13 billion and is seen to have a PE ratio of 10.18.

Seizert Capital Partners LLC cut its position in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 94.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,144 shares of the company's stock after selling 90,792 shares during the period. Seizert Capital Partners LLC's holdings in Liberty Broadband were worth $437,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of LBRDK. Vestor Capital LLC acquired a new position in shares of Liberty Broadband in the 1st quarter valued at $44,000. Continuum Advisory LLC acquired a new stake in Liberty Broadband during the 1st quarter worth $58,000. Quarry LP boosted its stake in Liberty Broadband by 131.6% during the 4th 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 boosted its stake in Liberty Broadband by 171.6% during the 1st 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 boosted its stake in Liberty Broadband by 6.4% during the 1st 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 hedge funds and other institutional investors.

Liberty Broadband Stock Performance

NASDAQ:LBRDK traded down $1.21 during mid-day trading on Friday, reaching $60.11. The stock had a trading volume of 3,160,181 shares, compared to its average volume of 2,200,094. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market capitalization of $8.62 billion, a price-to-earnings ratio of 9.60 and a beta of 0.96. Liberty Broadband Corporation has a twelve month low of $58.35 and a twelve month high of $104.00. The business has a 50 day simple moving average of $90.30 and a 200 day simple moving average of $85.73.

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

Wall Street Analyst Weigh In

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

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.