Marshall Wace LLP Trims Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Marshall Wace LLP reduced its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 83.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,038 shares of the company's stock after selling 276,366 shares during the quarter. Marshall Wace LLP's holdings in Liberty Broadband were worth $3,965,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in shares of Liberty Broadband by 61.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock valued at $30,000 after purchasing an additional 154 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Liberty Broadband by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 3,757 shares of the company's stock worth $281,000 after buying an additional 199 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Liberty Broadband by 0.6% in the 4th quarter. Handelsbanken Fonder AB now owns 33,300 shares of the company's stock worth $2,490,000 after buying an additional 200 shares during the last quarter. Wealthspire Advisors LLC grew its holdings in shares of Liberty Broadband by 5.7% in the fourth quarter. Wealthspire Advisors LLC now owns 4,543 shares of the company's stock valued at $340,000 after acquiring an additional 244 shares in the last quarter. Finally, Arizona State Retirement System increased its position in shares of Liberty Broadband by 0.8% during the fourth quarter. Arizona State Retirement System now owns 33,799 shares of the company's stock valued at $2,527,000 after acquiring an additional 265 shares during the last quarter. 80.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Liberty Broadband in a research report on Wednesday. They issued a "sell" rating on the stock.

Liberty Broadband Stock Performance

LBRDK traded up $1.39 during midday trading on Wednesday, reaching $90.39. The company had a trading volume of 796,910 shares, compared to its average volume of 1,038,057. Liberty Broadband Co. has a 12-month low of $49.29 and a 12-month high of $101.50. The business has a 50-day moving average price of $81.88 and a two-hundred day moving average price of $81.67. The stock has a market cap of $12.95 billion, a PE ratio of 16.65 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $3.67 by ($1.63). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $253.00 million for the quarter, compared to the consensus estimate of $252.50 million. On average, sell-side analysts expect that Liberty Broadband Co. will post 7.71 earnings per share 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.