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

Sculptor Capital LP decreased its position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 72.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 302,000 shares of the company's stock after selling 804,119 shares during the period. Sculptor Capital LP owned about 0.21% of Liberty Broadband worth $22,578,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in LBRDK. Deutsche Bank AG boosted its holdings in Liberty Broadband by 125.6% in the fourth quarter. Deutsche Bank AG now owns 3,060,143 shares of the company's stock valued at $228,776,000 after acquiring an additional 1,703,637 shares in the last quarter. Madison Investment Advisors LLC bought a new stake in shares of Liberty Broadband during the 4th quarter valued at $122,714,000. Norges Bank bought a new stake in shares of Liberty Broadband during the 4th quarter valued at $100,845,000. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Liberty Broadband by 425.3% during the 4th 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 buying an additional 996,764 shares in the last quarter. Finally, Pentwater Capital Management LP raised its position 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 purchasing an additional 908,000 shares during the last quarter. Institutional investors own 80.22% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Liberty Broadband in a research report on Friday. They issued a "sell" rating for the company.

Liberty Broadband Stock Performance

NASDAQ:LBRDK traded up $1.25 during mid-day trading on Tuesday, reaching $100.33. The company's stock had a trading volume of 1,107,449 shares, compared to its average volume of 1,030,917. Liberty Broadband Co. has a 12-month low of $49.38 and a 12-month high of $104.00. The firm's fifty day moving average price is $84.79 and its two-hundred day moving average price is $82.87. 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 stock has a market cap of $14.38 billion, a P/E ratio of 18.48 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The business had revenue of $256.00 million during the quarter. On average, equities analysts forecast 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.