PYA Waltman Capital LLC Decreases Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

PYA Waltman Capital LLC decreased its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 46.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,743 shares of the company's stock after selling 35,370 shares during the quarter. Liberty Broadband comprises approximately 1.4% of PYA Waltman Capital LLC's investment portfolio, making the stock its 19th largest position. PYA Waltman Capital LLC's holdings in Liberty Broadband were worth $3,284,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. OFI Invest Asset Management bought a new position in Liberty Broadband during the 3rd quarter worth approximately $26,000. Milestone Investment Advisors LLC bought a new stake in shares of Liberty Broadband in the 3rd quarter valued at $57,000. CoreFirst Bank & Trust bought a new stake in shares of Liberty Broadband in the 3rd quarter valued at $100,000. Van ECK Associates Corp increased its stake in shares of Liberty Broadband by 40.1% in the 4th quarter. Van ECK Associates Corp now owns 1,318 shares of the company's stock valued at $106,000 after acquiring an additional 377 shares in the last quarter. Finally, Ulland Investment Advisors LLC increased its stake in shares of Liberty Broadband by 34.6% in the 4th quarter. Ulland Investment Advisors LLC now owns 1,810 shares of the company's stock valued at $146,000 after acquiring an additional 465 shares in the last quarter. Institutional investors own 80.22% of the company's stock.

Insider Buying and Selling

In related news, Director J David Wargo sold 11,000 shares of the business's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $57.33, for a total value of $630,630.00. Following the transaction, the director now directly owns 106,332 shares of the company's stock, valued at approximately $6,096,013.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 45,000 shares of company stock valued at $2,435,830. 10.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered their price objective on shares of Liberty Broadband from $108.00 to $83.00 and set a "buy" rating for the company in a research note on Wednesday, February 7th.

Liberty Broadband Stock Up 2.4 %

LBRDK traded up $1.19 during mid-day trading on Wednesday, reaching $50.92. 897,921 shares of the stock were exchanged, compared to its average volume of 1,282,543. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.42 and a current ratio of 2.42. The stock has a market capitalization of $7.28 billion, a PE ratio of 10.90 and a beta of 0.95. The company has a 50 day moving average price of $54.63 and a two-hundred day moving average price of $70.02. Liberty Broadband Co. has a 1 year low of $46.46 and a 1 year high of $95.68.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its quarterly earnings data on Friday, February 16th. The company reported $1.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.62 by ($1.23). The firm had revenue of $250.00 million for the quarter, compared to analysts' expectations of $227.82 million. Liberty Broadband had a return on equity of 7.76% and a net margin of 70.13%. As a group, research analysts anticipate that Liberty Broadband Co. will post 10.14 EPS for the current year.

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.