First Trust Advisors LP Sells 43,133 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

First Trust Advisors LP lowered its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 38.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,872 shares of the company's stock after selling 43,133 shares during the period. First Trust Advisors LP's holdings in Liberty Broadband were worth $5,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of LBRDK. Smartleaf Asset Management LLC increased its stake in Liberty Broadband by 61.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock worth $30,000 after acquiring an additional 154 shares during the last quarter. Blue Trust Inc. raised its position in shares of Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company's stock valued at $36,000 after buying an additional 266 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Liberty Broadband by 138.0% in the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company's stock valued at $36,000 after acquiring an additional 283 shares during the last quarter. Lee Danner & Bass Inc. purchased a new position in Liberty Broadband in the fourth quarter worth about $36,000. Finally, R Squared Ltd bought a new stake in Liberty Broadband during the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 80.22% of the company's stock.

Liberty Broadband Trading Up 2.5 %

Liberty Broadband stock traded up $2.23 during mid-day trading on Monday, hitting $91.78. The company's stock had a trading volume of 928,323 shares, compared to its average volume of 1,037,674. Liberty Broadband Co. has a one year low of $49.38 and a one year high of $101.50. The stock has a market cap of $13.15 billion, a PE ratio of 16.90 and a beta of 1.03. The company has a 50 day moving average of $82.19 and a 200-day moving average of $81.82. 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 posted its quarterly earnings results on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing analysts' consensus estimates of $3.67 by ($1.63). The company had revenue of $253.00 million during the quarter, compared to the consensus estimate of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. On average, research analysts anticipate that Liberty Broadband Co. will post 7.71 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a report on Wednesday, April 30th. They set a "sell" rating on the stock.

Liberty Broadband 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.