LMR Partners LLP trimmed its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 89.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,052 shares of the company's stock after selling 112,400 shares during the period. LMR Partners LLP's holdings in Liberty Broadband were worth $976,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Liberty Broadband by 6.4% in the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company's stock valued at $533,251,000 after purchasing an additional 415,496 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of Liberty Broadband in the 3rd quarter valued at about $217,000. Fiduciary Alliance LLC acquired a new stake in shares of Liberty Broadband in the 4th quarter valued at about $376,000. Oak Thistle LLC raised its stake in shares of Liberty Broadband by 146.1% in the 4th quarter. Oak Thistle LLC now owns 7,020 shares of the company's stock valued at $525,000 after purchasing an additional 4,167 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Liberty Broadband by 23.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company's stock valued at $268,045,000 after purchasing an additional 686,089 shares in the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.
Liberty Broadband Stock Performance
NASDAQ LBRDK traded up $3.98 on Friday, hitting $101.29. The stock had a trading volume of 3,345,719 shares, compared to its average volume of 1,027,891. Liberty Broadband Co. has a one year low of $49.38 and a one year high of $104.00. 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 stock has a market cap of $14.51 billion, a price-to-earnings ratio of 18.65 and a beta of 1.02. The company's 50-day moving average is $84.41 and its two-hundred day moving average is $82.79.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.87 EPS for the quarter. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $256.00 million during the quarter. On average, analysts expect that Liberty Broadband Co. will post 7.71 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on shares of Liberty Broadband in a research note on Friday. They set a "sell" rating on the stock.
Get Our Latest Report on Liberty Broadband
Liberty Broadband Company Profile
(
Free Report)
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.
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