Sculptor Capital LP Sells 804,119 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Sculptor Capital LP cut its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 72.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 302,000 shares of the company's stock after selling 804,119 shares during the period. Sculptor Capital LP owned approximately 0.21% of Liberty Broadband worth $22,578,000 at the end of the most recent reporting period.

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

Liberty Broadband Price Performance

Shares of LBRDK traded down $0.46 during trading hours on Thursday, reaching $97.89. 400,233 shares of the stock traded hands, compared to its average volume of 1,030,884. The company has a market cap of $14.03 billion, a P/E ratio of 18.03 and a beta of 1.02. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The company's 50-day moving average price is $85.55 and its two-hundred day moving average price is $83.10. Liberty Broadband Co. has a 52-week low of $49.38 and a 52-week high of $104.00.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 EPS for the quarter. The business had revenue of $256.00 million for the quarter. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. On average, analysts anticipate that Liberty Broadband Co. will post 7.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen initiated coverage on shares of Liberty Broadband in a report on Friday, May 16th. They issued a "sell" rating for the company.

Liberty Broadband 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.