Massachusetts Financial Services Co. MA Reduces Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Massachusetts Financial Services Co. MA reduced its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 2.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,738,975 shares of the company's stock after selling 142,966 shares during the period. Massachusetts Financial Services Co. MA owned about 3.24% of Liberty Broadband worth $381,914,000 at the end of the most recent quarter.

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

Liberty Broadband Stock Performance

LBRDK traded up $0.70 during midday trading on Tuesday, reaching $53.67. The company's stock had a trading volume of 1,162,731 shares, compared to its average volume of 1,274,056. The company has a fifty day simple moving average of $53.37 and a 200 day simple moving average of $67.72. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $95.68. The stock has a market cap of $7.67 billion, a P/E ratio of 9.11 and a beta of 0.97.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its quarterly earnings data on Friday, February 16th. The company reported $1.39 EPS for the quarter, missing analysts' consensus estimates of $2.62 by ($1.23). Liberty Broadband had a return on equity of 9.55% and a net margin of 87.75%. The company had revenue of $250.00 million for the quarter, compared to analyst estimates of $227.82 million. Research analysts expect that Liberty Broadband Co. will post 9.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Liberty Broadband

In other news, Director J David Wargo sold 15,000 shares of Liberty Broadband stock in a transaction on Monday, April 8th. The stock was sold at an average price of $51.98, for a total transaction of $779,700.00. Following the sale, the director now directly owns 72,332 shares in the company, valued at approximately $3,759,817.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 45,000 shares of company stock valued at $2,435,830. 10.80% of the stock is currently owned by company insiders.

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.