FPR Partners LLC Cuts Holdings in Liberty Broadband Co. (NASDAQ:LBRDA)

FPR Partners LLC cut its holdings in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 908,222 shares of the company's stock after selling 4,746 shares during the quarter. Liberty Broadband accounts for 7.4% of FPR Partners LLC's portfolio, making the stock its 6th biggest holding. FPR Partners LLC owned 0.64% of Liberty Broadband worth $67,535,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Deutsche Bank AG increased its stake in Liberty Broadband by 106.0% in the 4th quarter. Deutsche Bank AG now owns 3,360 shares of the company's stock valued at $250,000 after purchasing an additional 1,729 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Liberty Broadband by 82.9% in the fourth quarter. BNP Paribas Financial Markets now owns 97,465 shares of the company's stock valued at $7,247,000 after buying an additional 44,173 shares in the last quarter. Aristeia Capital L.L.C. lifted its stake in Liberty Broadband by 9.1% in the 4th quarter. Aristeia Capital L.L.C. now owns 1,675,445 shares of the company's stock valued at $124,586,000 after buying an additional 139,186 shares in the last quarter. Whitebox Advisors LLC grew its holdings in Liberty Broadband by 74.6% during the 4th quarter. Whitebox Advisors LLC now owns 206,296 shares of the company's stock valued at $15,340,000 after buying an additional 88,145 shares during the last quarter. Finally, Rehmann Capital Advisory Group boosted its stake in shares of Liberty Broadband by 7.7% during the fourth quarter. Rehmann Capital Advisory Group now owns 5,109 shares of the company's stock valued at $380,000 after acquiring an additional 366 shares during the last quarter. 10.29% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Trading Down 0.6 %

NASDAQ LBRDA traded down $0.52 during mid-day trading on Friday, hitting $91.92. The company's stock had a trading volume of 89,847 shares, compared to its average volume of 154,484. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. Liberty Broadband Co. has a 52-week low of $49.68 and a 52-week high of $100.44. The stock's fifty day simple moving average is $82.45 and its two-hundred day simple moving average is $81.53. The firm has a market capitalization of $13.17 billion, a P/E ratio of 16.93 and a beta of 1.02.

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

Wall Street Analysts Forecast Growth

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