Stockbridge Partners LLC Sells 1,921,125 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Stockbridge Partners LLC cut its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 50.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,866,717 shares of the company's stock after selling 1,921,125 shares during the period. Liberty Broadband accounts for approximately 3.0% of Stockbridge Partners LLC's holdings, making the stock its 11th biggest holding. Stockbridge Partners LLC owned about 1.31% of Liberty Broadband worth $139,556,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of LBRDK. Smartleaf Asset Management LLC increased its holdings in Liberty Broadband by 61.1% in 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 last quarter. Blue Trust Inc. increased 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 purchasing an additional 266 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Liberty Broadband by 138.0% in the fourth quarter. Jones Financial Companies Lllp now owns 488 shares of the company's stock valued at $36,000 after purchasing an additional 283 shares during the last quarter. Lee Danner & Bass Inc. bought a new stake in Liberty Broadband in the fourth quarter valued at about $36,000. Finally, R Squared Ltd bought a new stake in Liberty Broadband in the fourth quarter valued at about $37,000. Institutional investors own 80.22% of the company's stock.

Liberty Broadband Trading Down 2.0%

NASDAQ:LBRDK traded down $1.99 on Wednesday, reaching $98.34. The company's stock had a trading volume of 1,553,984 shares, compared to its average volume of 1,033,264. Liberty Broadband Co. has a 1-year low of $49.38 and a 1-year high of $104.00. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market cap of $14.09 billion, a PE ratio of 18.11 and a beta of 1.02. The business's 50-day moving average price is $85.21 and its two-hundred day moving average price is $82.99.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share (EPS) for the quarter. The firm had revenue of $256.00 million during the quarter. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. Equities research analysts anticipate that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Liberty Broadband in a research note on Friday, May 16th. They issued a "sell" rating for the company.

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.