Tower Research Capital LLC TRC cut its stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 87.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,328 shares of the company's stock after selling 16,719 shares during the period. Tower Research Capital LLC TRC's holdings in Liberty Broadband were worth $174,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Barclays PLC grew its holdings in Liberty Broadband by 6.4% in the third quarter. Barclays PLC now owns 6,899,331 shares of the company's stock worth $533,251,000 after purchasing an additional 415,496 shares during the last quarter. Tidal Investments LLC acquired a new stake in Liberty Broadband during the third quarter valued at $217,000. Everence Capital Management Inc. purchased a new stake in shares of Liberty Broadband during the 4th quarter worth about $229,000. Fiduciary Alliance LLC purchased a new stake in shares of Liberty Broadband in the fourth quarter valued at approximately $376,000. Finally, Oak Thistle LLC increased its stake in shares of Liberty Broadband by 146.1% during the fourth quarter. Oak Thistle LLC now owns 7,020 shares of the company's stock worth $525,000 after purchasing an additional 4,167 shares in the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, StockNews.com began coverage on shares of Liberty Broadband in a report on Thursday. They issued a "sell" rating for the company.
Check Out Our Latest Report on Liberty Broadband
Liberty Broadband Stock Up 0.1%
LBRDK traded up $0.08 on Monday, reaching $93.05. The company's stock had a trading volume of 61,098 shares, compared to its average volume of 1,020,750. The company has a market capitalization of $13.33 billion, a price-to-earnings ratio of 17.20 and a beta of 1.02. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a fifty-two week low of $49.38 and a fifty-two week high of $101.50. The stock has a 50 day moving average of $83.28 and a two-hundred day moving average of $82.27.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $256.00 million during the quarter. As a group, analysts forecast that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.
About Liberty Broadband
(
Free Report)
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.
Read More
Before you consider Liberty Broadband, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Liberty Broadband wasn't on the list.
While Liberty Broadband currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
