Seizert Capital Partners LLC Sells 33,577 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Seizert Capital Partners LLC lessened its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 20.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 129,372 shares of the company's stock after selling 33,577 shares during the period. Seizert Capital Partners LLC owned about 0.09% of Liberty Broadband worth $10,426,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its holdings in Liberty Broadband by 179.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,334,499 shares of the company's stock worth $107,547,000 after acquiring an additional 857,187 shares during the last quarter. Northern Trust Corp increased its stake in shares of Liberty Broadband by 4.2% in the third quarter. Northern Trust Corp now owns 875,562 shares of the company's stock worth $79,956,000 after purchasing an additional 35,370 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC raised its position in shares of Liberty Broadband by 84.3% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 15,906 shares of the company's stock valued at $1,282,000 after purchasing an additional 7,276 shares during the period. Royal Bank of Canada lifted its stake in shares of Liberty Broadband by 10.0% during the 3rd quarter. Royal Bank of Canada now owns 629,539 shares of the company's stock valued at $57,490,000 after buying an additional 57,454 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Liberty Broadband by 315.0% in the 3rd quarter. Barclays PLC now owns 2,675,919 shares of the company's stock worth $244,364,000 after buying an additional 2,031,168 shares during the period. 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 company's stock in a transaction that occurred on 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 in the company, valued at $6,096,013.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 45,000 shares of company stock worth $2,435,830 over the last ninety days. 10.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Citigroup lowered their target price on shares of 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 Price Performance

Shares of LBRDK traded up $1.58 during midday trading on Friday, hitting $53.06. 856,997 shares of the company traded hands, compared to its average volume of 1,164,863. The stock has a 50-day moving average of $53.45 and a 200-day moving average of $68.08. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.81 and a quick ratio of 2.42. Liberty Broadband Co. has a one year low of $46.46 and a one year high of $95.68. The firm has a market cap of $7.58 billion, a P/E ratio of 9.01 and a beta of 0.97.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its 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). The firm had revenue of $250.00 million during the quarter, compared to analysts' expectations of $227.82 million. Liberty Broadband had a return on equity of 9.55% and a net margin of 87.75%. As a group, sell-side analysts predict that Liberty Broadband Co. will post 9.13 EPS for the current fiscal 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.