Liberty Broadband Co. (NASDAQ:LBRDA) Position Decreased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. decreased its position in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 16.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 563,218 shares of the company's stock after selling 110,002 shares during the period. D. E. Shaw & Co. Inc. owned about 0.39% of Liberty Broadband worth $41,881,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC lifted its holdings in shares of Liberty Broadband by 244.6% in the 3rd quarter. Barclays PLC now owns 4,887 shares of the company's stock worth $375,000 after acquiring an additional 3,469 shares during the last quarter. Seizert Capital Partners LLC increased its position in shares of Liberty Broadband by 7.5% in the 4th quarter. Seizert Capital Partners LLC now owns 423,895 shares of the company's stock valued at $31,521,000 after purchasing an additional 29,477 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Liberty Broadband by 891.9% in the 4th quarter. Farther Finance Advisors LLC now owns 367 shares of the company's stock valued at $27,000 after buying an additional 330 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Liberty Broadband in the 4th quarter valued at $35,441,000. Finally, Moran Wealth Management LLC acquired a new position in shares of Liberty Broadband in the 4th quarter valued at $2,447,000. Hedge funds and other institutional investors own 10.29% of the company's stock.

Liberty Broadband Stock Performance

NASDAQ:LBRDA traded up $0.69 during trading hours on Wednesday, reaching $95.17. 158,748 shares of the company's stock were exchanged, compared to its average volume of 155,151. The firm has a market capitalization of $13.64 billion, a price-to-earnings ratio of 17.53 and a beta of 1.02. The company has a 50-day moving average of $82.73 and a 200 day moving average of $81.70. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a 1-year low of $49.68 and a 1-year high of $101.02.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.67. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $266.00 million during the quarter, compared to analysts' expectations of $248.60 million.

Analyst Ratings Changes

Separately, Benchmark lowered their target price on shares of Liberty Broadband from $130.00 to $115.00 and set a "buy" rating for the company in a report on Monday, March 31st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $86.20.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.