Liberty Broadband Co. (NASDAQ:LBRDK) Position Decreased by FPR Partners LLC

FPR Partners LLC reduced its stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 22.3% in 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 1,257,323 shares of the company's stock after selling 361,789 shares during the period. Liberty Broadband accounts for 10.3% of FPR Partners LLC's portfolio, making the stock its 4th largest position. FPR Partners LLC owned approximately 0.88% of Liberty Broadband worth $93,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of LBRDK. Barclays PLC lifted its position in Liberty Broadband by 6.4% during the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company's stock valued at $533,251,000 after acquiring an additional 415,496 shares during the period. ABC Arbitrage SA purchased a new stake in shares of Liberty Broadband in the 4th quarter worth approximately $563,000. Canada Pension Plan Investment Board increased its position in Liberty Broadband by 331.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 228,200 shares of the company's stock valued at $17,060,000 after buying an additional 175,300 shares in the last quarter. Wolverine Asset Management LLC boosted its holdings in Liberty Broadband by 458.8% in the fourth quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company's stock worth $710,000 after acquiring an additional 7,799 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new position in shares of Liberty Broadband in the 4th quarter worth about $229,000. 80.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Liberty Broadband in a research note on Thursday. They set a "sell" rating for the company.

Liberty Broadband Stock Down 0.7 %

Shares of LBRDK stock traded down $0.63 during mid-day trading on Friday, hitting $92.97. The company's stock had a trading volume of 634,700 shares, compared to its average volume of 1,024,552. The stock has a market cap of $13.32 billion, a price-to-earnings ratio of 17.12 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. Liberty Broadband Co. has a 52-week low of $49.38 and a 52-week high of $101.50. The business has a 50-day moving average price of $83.28 and a 200 day moving average price of $82.26.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter. The business had revenue of $256.00 million during the quarter. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. Research analysts predict 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.