Jane Street Group LLC Sells 154,623 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Jane Street Group LLC lessened its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 59.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 103,356 shares of the company's stock after selling 154,623 shares during the quarter. Jane Street Group LLC owned 0.07% of Liberty Broadband worth $7,727,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Madison Investment Advisors LLC acquired a new stake in Liberty Broadband during the fourth quarter worth about $122,714,000. Norges Bank acquired a new position in Liberty Broadband during the 4th quarter valued at about $100,845,000. Adage Capital Partners GP L.L.C. increased its stake in shares of Liberty Broadband by 425.3% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,231,136 shares of the company's stock valued at $92,040,000 after acquiring an additional 996,764 shares during the period. Pentwater Capital Management LP raised its stake in shares of Liberty Broadband by 454.0% in the 4th quarter. Pentwater Capital Management LP now owns 1,108,000 shares of the company's stock worth $82,834,000 after buying an additional 908,000 shares in the last quarter. Finally, Makaira Partners LLC raised its position in Liberty Broadband by 219.6% in the fourth quarter. Makaira Partners LLC now owns 1,244,270 shares of the company's stock worth $93,022,000 after acquiring an additional 854,954 shares in the last quarter. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Stock Down 0.7 %

LBRDK traded down $0.63 during trading on Friday, reaching $92.97. 634,700 shares of the stock traded hands, compared to its average volume of 1,024,552. Liberty Broadband Co. has a fifty-two week low of $49.38 and a fifty-two week high of $101.50. The stock's 50-day simple moving average is $83.28 and its two-hundred day simple moving average is $82.26. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market cap of $13.32 billion, a price-to-earnings 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 earnings per share for the quarter. The firm had revenue of $256.00 million for the quarter. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. As a group, equities research analysts expect that Liberty Broadband Co. will post 7.71 EPS for the current year.

Wall Street Analyst Weigh In

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

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.