Liberty Broadband Co. (NASDAQ:LBRDK) is Fort Baker Capital Management LP's 5th Largest Position

Fort Baker Capital Management LP lessened its holdings in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 28.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 374,907 shares of the company's stock after selling 146,101 shares during the period. Liberty Broadband comprises approximately 4.5% of Fort Baker Capital Management LP's portfolio, making the stock its 5th biggest position. Fort Baker Capital Management LP owned about 0.26% of Liberty Broadband worth $28,028,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Empyrean Capital Partners LP acquired a new stake in shares of Liberty Broadband during the 4th quarter valued at $23,965,000. First Manhattan CO. LLC. raised its holdings in shares of Liberty Broadband by 4.6% during the fourth quarter. First Manhattan CO. LLC. now owns 128,083 shares of the company's stock worth $9,575,000 after acquiring an additional 5,607 shares in the last quarter. Deutsche Bank AG boosted its position in Liberty Broadband by 125.6% during the fourth quarter. Deutsche Bank AG now owns 3,060,143 shares of the company's stock valued at $228,776,000 after purchasing an additional 1,703,637 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Liberty Broadband in the fourth quarter valued at about $3,577,000. Finally, Blackstone Inc. acquired a new position in Liberty Broadband in the 4th quarter worth about $539,000. Hedge funds and other institutional investors own 80.22% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Liberty Broadband in a report on Thursday. They set a "sell" rating for the company.

Liberty Broadband Trading Down 0.7 %

Shares of NASDAQ:LBRDK opened at $92.97 on Friday. Liberty Broadband Co. has a 1 year low of $49.38 and a 1 year high of $101.50. The firm has a fifty day moving average price of $83.28 and a 200 day moving average price of $82.25. 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 has a market capitalization of $13.32 billion, a PE ratio of 17.12 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 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. Analysts expect that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.

Liberty Broadband Company Profile

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.

Want to see what other hedge funds are holding LBRDK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Broadband Co. (NASDAQ:LBRDK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.