Liberty Broadband Co. (NASDAQ:LBRDK) Position Lowered by Geode Capital Management LLC

Geode Capital Management LLC lowered its position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,985,574 shares of the company's stock after selling 28,997 shares during the quarter. Geode Capital Management LLC owned 1.39% of Liberty Broadband worth $148,479,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Madison Investment Advisors LLC acquired a new stake in shares of Liberty Broadband in the fourth quarter worth $122,714,000. Norges Bank acquired a new stake in Liberty Broadband in the 4th quarter valued at $100,845,000. Assenagon Asset Management S.A. increased its holdings in Liberty Broadband by 23.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company's stock valued at $268,045,000 after purchasing an additional 686,089 shares in the last quarter. Magnetar Financial LLC purchased a new position in Liberty Broadband in the fourth quarter valued at about $46,906,000. Finally, Barclays PLC lifted its stake in shares of Liberty Broadband by 6.4% during the third quarter. Barclays PLC now owns 6,899,331 shares of the company's stock worth $533,251,000 after purchasing an additional 415,496 shares in the last quarter. Hedge funds and other institutional investors own 80.22% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Liberty Broadband in a report on Sunday, April 6th. They set a "sell" rating on the stock.

Liberty Broadband Stock Down 0.2 %

LBRDK traded down $0.14 during trading hours on Friday, reaching $76.84. 370,687 shares of the stock traded hands, compared to its average volume of 1,053,202. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. The company has a market cap of $11.01 billion, a price-to-earnings ratio of 14.15 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The firm's fifty day simple moving average is $81.66 and its two-hundred day simple moving average is $81.46.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $3.67 by ($1.63). The business had revenue of $253.00 million for the quarter, compared to analyst estimates of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. As a group, analysts forecast that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal 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.