Legal & General Group Plc Sells 22,152 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Legal & General Group Plc cut its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 15.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 122,187 shares of the company's stock after selling 22,152 shares during the period. Legal & General Group Plc owned about 0.09% of Liberty Broadband worth $9,135,000 at the end of the most recent reporting period.

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

Liberty Broadband Price Performance

NASDAQ LBRDK traded up $2.82 during trading on Wednesday, hitting $79.59. 119,692 shares of the company's stock were exchanged, compared to its average volume of 1,037,760. The company has a market cap of $11.40 billion, a PE ratio of 14.66 and a beta of 1.03. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock's 50 day moving average price is $81.49 and its two-hundred day moving average price is $81.45. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $101.50.

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

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Liberty Broadband in a research note on Tuesday. 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.