Liberty Broadband Co. (NASDAQ:LBRDA) Holdings Cut by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership reduced its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 318,358 shares of the company's stock after selling 13,741 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.22% of Liberty Broadband worth $23,673,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Glenmede Trust Co. NA boosted its stake in Liberty Broadband by 116.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 990 shares of the company's stock valued at $76,000 after purchasing an additional 533 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Liberty Broadband by 150.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,181 shares of the company's stock valued at $321,000 after buying an additional 2,511 shares in the last quarter. Captrust Financial Advisors grew its holdings in Liberty Broadband by 58.4% during the third quarter. Captrust Financial Advisors now owns 14,515 shares of the company's stock worth $1,115,000 after acquiring an additional 5,353 shares during the period. Paloma Partners Management Co bought a new stake in Liberty Broadband in the third quarter worth about $54,000. Finally, Quantinno Capital Management LP acquired a new stake in Liberty Broadband in the 3rd quarter valued at about $260,000. Institutional investors and hedge funds own 10.29% of the company's stock.

Liberty Broadband Trading Down 3.2 %

LBRDA stock traded down $2.42 during mid-day trading on Tuesday, reaching $72.28. 197,444 shares of the stock traded hands, compared to its average volume of 153,032. The stock's fifty day moving average is $80.80 and its 200-day moving average is $80.70. The company has a market cap of $10.36 billion, a P/E ratio of 13.31 and a beta of 1.03. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a 52-week low of $47.17 and a 52-week high of $100.44.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $2.04 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.31. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $263.00 million during the quarter, compared to analyst estimates of $252.50 million.

Wall Street Analysts Forecast Growth

Separately, Benchmark lowered their price objective on shares of Liberty Broadband from $130.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Liberty Broadband currently has a consensus rating of "Hold" and a consensus target price of $86.20.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.