Wells Fargo & Company MN Has $20.96 Million Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Wells Fargo & Company MN cut its stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 280,311 shares of the company's stock after selling 4,718 shares during the period. Wells Fargo & Company MN owned 0.20% of Liberty Broadband worth $20,956,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Liberty Broadband in a report on Monday. They issued a "sell" rating on the stock.

Liberty Broadband Trading Up 2.1 %

Shares of Liberty Broadband stock traded up $1.62 during trading on Friday, hitting $78.22. The stock had a trading volume of 661,821 shares, compared to its average volume of 1,044,681. The stock has a 50 day simple moving average of $81.68 and a 200 day simple moving average of $81.46. Liberty Broadband Co. has a 1 year low of $46.46 and a 1 year high of $101.50. 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 company has a market capitalization of $11.21 billion, a PE ratio of 14.41 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 for the quarter, missing analysts' consensus estimates of $3.67 by ($1.63). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $253.00 million for the quarter, compared to analysts' expectations of $252.50 million. On average, research analysts expect that Liberty Broadband Co. will post 7.71 EPS for the current fiscal 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.