Hsbc Holdings PLC Has $973,000 Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Hsbc Holdings PLC decreased its stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 75.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,011 shares of the company's stock after selling 40,831 shares during the quarter. Hsbc Holdings PLC's holdings in Liberty Broadband were worth $973,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of LBRDK. Vanguard Group Inc. increased its position in shares of Liberty Broadband by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company's stock valued at $827,176,000 after purchasing an additional 95,599 shares during the last quarter. Barclays PLC lifted its stake in shares of Liberty Broadband by 6.4% during the 3rd 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 during the period. Assenagon Asset Management S.A. increased its holdings in shares of Liberty Broadband by 23.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company's stock worth $268,045,000 after buying an additional 686,089 shares during the last quarter. Finepoint Capital LP boosted its position in Liberty Broadband by 1.1% during the 4th quarter. Finepoint Capital LP now owns 2,015,710 shares of the company's stock worth $150,694,000 after purchasing an additional 21,200 shares during the period. Finally, Madison Investment Advisors LLC acquired a new position in Liberty Broadband in the 4th quarter worth $122,714,000. Hedge funds and other institutional investors own 80.22% of the company's stock.

Liberty Broadband Stock Performance

Shares of LBRDK traded down $0.60 on Friday, reaching $93.00. 115,497 shares of the stock traded hands, compared to its average volume of 1,022,897. 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 has a market cap of $13.33 billion, a price-to-earnings ratio of 17.13 and a beta of 1.02. Liberty Broadband Co. has a 12 month low of $49.38 and a 12 month high of $101.50. The stock's 50-day moving average price is $83.10 and its 200-day moving average price is $82.17.

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

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Liberty Broadband in a report on Thursday. They issued a "sell" rating on the stock.

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.