Natixis Advisors L.P. Sells 52,018 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Natixis Advisors L.P. cut its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 40.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,222 shares of the company's stock after selling 52,018 shares during the quarter. Natixis Advisors L.P. owned 0.05% of Liberty Broadband worth $6,142,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. UBS Group AG boosted its position in shares of Liberty Broadband by 21.7% in the third quarter. UBS Group AG now owns 8,626,349 shares of the company's stock worth $787,758,000 after buying an additional 1,536,718 shares during the period. Aristeia Capital LLC raised its holdings in shares of Liberty Broadband by 6.0% during the third quarter. Aristeia Capital LLC now owns 6,435,596 shares of the company's stock worth $587,699,000 after acquiring an additional 363,554 shares in the last quarter. Barclays PLC raised its holdings in shares of Liberty Broadband by 315.0% during the third quarter. Barclays PLC now owns 2,675,919 shares of the company's stock worth $244,364,000 after acquiring an additional 2,031,168 shares in the last quarter. Makaira Partners LLC raised its holdings in shares of Liberty Broadband by 2.1% during the third quarter. Makaira Partners LLC now owns 1,736,858 shares of the company's stock worth $158,610,000 after acquiring an additional 35,425 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Liberty Broadband by 179.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,334,499 shares of the company's stock valued at $107,547,000 after buying an additional 857,187 shares in the last quarter. 80.22% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director J David Wargo sold 10,000 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $51.43, for a total transaction of $514,300.00. Following the completion of the transaction, the director now directly owns 87,332 shares in the company, valued at approximately $4,491,484.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last ninety days, insiders sold 45,000 shares of company stock valued at $2,435,830. Company insiders own 10.80% of the company's stock.

Analysts Set New Price Targets

Separately, Citigroup cut their target price on Liberty Broadband from $108.00 to $83.00 and set a "buy" rating on the stock in a report on Wednesday, February 7th.

Liberty Broadband Trading Up 3.1 %

Shares of LBRDK stock traded up $1.58 on Friday, hitting $53.06. The stock had a trading volume of 856,997 shares, compared to its average volume of 1,280,338. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $95.68. The firm has a market cap of $7.58 billion, a P/E ratio of 11.36 and a beta of 0.97. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average price of $53.60 and a two-hundred day moving average price of $68.48.

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