Bank of America Corp DE Decreases Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

Bank of America Corp DE reduced its holdings in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 8.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,861,260 shares of the company's stock after selling 181,504 shares during the quarter. Bank of America Corp DE owned approximately 1.30% of Liberty Broadband worth $139,148,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings in Liberty Broadband by 61.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock worth $30,000 after buying an additional 154 shares during the last quarter. Blue Trust Inc. lifted its position in Liberty Broadband by 134.3% during the fourth quarter. Blue Trust Inc. now owns 464 shares of the company's stock valued at $36,000 after purchasing an additional 266 shares during the last quarter. Jones Financial Companies Lllp raised its position in Liberty Broadband by 138.0% in the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company's stock worth $36,000 after purchasing an additional 283 shares during the period. Lee Danner & Bass Inc. bought a new stake in Liberty Broadband during the 4th quarter valued at $36,000. Finally, R Squared Ltd purchased a new position in Liberty Broadband during the 4th quarter valued at $37,000. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a research note on Thursday, May 8th. They set a "sell" rating on the stock.

Liberty Broadband Stock Up 1.8%

NASDAQ:LBRDK traded up $1.77 during mid-day trading on Thursday, reaching $97.90. The company's stock had a trading volume of 217,817 shares, compared to its average volume of 1,019,473. The firm has a market capitalization of $14.03 billion, a PE ratio of 18.01 and a beta of 1.02. 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 stock has a fifty day moving average of $83.75 and a 200-day moving average of $82.53. Liberty Broadband Co. has a 1 year low of $49.38 and a 1 year high of $101.50.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share (EPS) for the quarter. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $256.00 million during the quarter. Equities research analysts forecast that Liberty Broadband Co. will post 7.71 earnings per share for the current year.

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.