Quaker Capital Investments LLC Sells 89,059 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Quaker Capital Investments LLC lessened its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 21.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 322,556 shares of the company's stock after selling 89,059 shares during the quarter. Liberty Broadband comprises approximately 9.0% of Quaker Capital Investments LLC's portfolio, making the stock its 5th biggest position. Quaker Capital Investments LLC owned about 0.23% of Liberty Broadband worth $24,114,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Barclays PLC boosted its stake in shares of Liberty Broadband by 6.4% in the third quarter. Barclays PLC now owns 6,899,331 shares of the company's stock valued at $533,251,000 after buying an additional 415,496 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Liberty Broadband by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company's stock valued at $155,736,000 after purchasing an additional 31,484 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Liberty Broadband in the third quarter valued at about $225,000. Wilmington Savings Fund Society FSB purchased a new position in Liberty Broadband in the third quarter valued at about $8,773,000. Finally, Tidal Investments LLC acquired a new stake in shares of Liberty Broadband during the 3rd quarter valued at approximately $217,000. 80.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Liberty Broadband in a research note on Monday, April 14th. They issued a "sell" rating for the company.

Liberty Broadband Price Performance

Shares of LBRDK traded up $1.62 during mid-day trading on Friday, reaching $78.22. 661,821 shares of the company's stock were exchanged, compared to its average volume of 1,045,077. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $101.50. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The company has a 50-day simple moving average of $81.68 and a two-hundred day simple moving average of $81.46. The company has a market cap of $11.21 billion, a price-to-earnings ratio of 14.41 and a beta of 1.03.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing analysts' consensus estimates of $3.67 by ($1.63). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $253.00 million during the quarter, compared to analysts' expectations of $252.50 million. On average, sell-side 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.