Dimensional Fund Advisors LP Sells 29,171 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Dimensional Fund Advisors LP reduced its position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,191,940 shares of the company's stock after selling 29,171 shares during the period. Dimensional Fund Advisors LP owned about 0.82% of Liberty Broadband worth $96,064,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. UBS Group AG boosted its holdings in shares of Liberty Broadband by 21.7% in the 3rd quarter. UBS Group AG now owns 8,626,349 shares of the company's stock valued at $787,758,000 after purchasing an additional 1,536,718 shares during the last quarter. Aristeia Capital LLC lifted its holdings in shares of Liberty Broadband by 6.0% during the 3rd quarter. Aristeia Capital LLC now owns 6,435,596 shares of the company's stock valued at $587,699,000 after acquiring an additional 363,554 shares in the last quarter. Barclays PLC lifted its holdings in shares of Liberty Broadband by 315.0% during the 3rd quarter. Barclays PLC now owns 2,675,919 shares of the company's stock valued at $244,364,000 after acquiring an additional 2,031,168 shares in the last quarter. Makaira Partners LLC lifted its holdings in shares of Liberty Broadband by 2.1% during the 3rd quarter. Makaira Partners LLC now owns 1,736,858 shares of the company's stock valued at $158,610,000 after acquiring an additional 35,425 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in shares of Liberty Broadband by 13.5% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,349,659 shares of the company's stock valued at $108,768,000 after acquiring an additional 160,460 shares in the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Liberty Broadband

In other news, Director J David Wargo sold 9,000 shares of the company's stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $56.80, for a total value of $511,200.00. Following the completion of the sale, the director now directly owns 97,332 shares of the company's stock, valued at approximately $5,528,457.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders sold 45,000 shares of company stock valued at $2,435,830. Company insiders own 10.80% of the company's stock.

Liberty Broadband Stock Performance

Liberty Broadband stock traded down $1.43 during midday trading on Thursday, reaching $50.59. 996,002 shares of the stock traded hands, compared to its average volume of 1,265,266. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. The firm has a fifty day moving average price of $52.75 and a two-hundred day moving average price of $66.37. The firm has a market cap of $7.23 billion, a price-to-earnings ratio of 8.83 and a beta of 0.97. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $95.68.

Wall Street Analyst Weigh In

Separately, Citigroup reduced 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.

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.