Dimensional Fund Advisors LP Cuts Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Dimensional Fund Advisors LP lessened its holdings in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 8.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,035,344 shares of the company's stock after selling 180,078 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.42% of Liberty Broadband worth $152,163,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Liberty Broadband in a research note on Wednesday. They issued a "sell" rating for the company.

Liberty Broadband Stock Performance

NASDAQ LBRDK traded up $1.39 during trading on Wednesday, reaching $90.39. The company's stock had a trading volume of 796,910 shares, compared to its average volume of 1,038,057. The business's fifty day moving average price is $81.88 and its 200-day moving average price is $81.67. Liberty Broadband Co. has a twelve month low of $49.29 and a twelve month high of $101.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market cap of $12.95 billion, a price-to-earnings ratio of 16.65 and a beta of 1.03.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.67 by ($1.63). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The company had revenue of $253.00 million during the quarter, compared to analyst estimates of $252.50 million. As a group, analysts anticipate 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.