Bank of Montreal Can Trims Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Bank of Montreal Can lessened its stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 73.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 72,816 shares of the company's stock after selling 202,790 shares during the quarter. Bank of Montreal Can owned 0.05% of Liberty Broadband worth $5,444,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in LBRDK. Smartleaf Asset Management LLC raised its stake in Liberty Broadband by 61.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock valued at $30,000 after buying an additional 154 shares in the last quarter. Blue Trust Inc. raised its position in shares of Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company's stock worth $36,000 after acquiring an additional 266 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Liberty Broadband by 138.0% during the fourth quarter. Jones Financial Companies Lllp now owns 488 shares of the company's stock worth $36,000 after purchasing an additional 283 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in Liberty Broadband in the fourth quarter valued at approximately $36,000. Finally, R Squared Ltd purchased a new position in Liberty Broadband in the fourth quarter valued at approximately $37,000. 80.22% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Stock Performance

Shares of NASDAQ LBRDK traded up $1.62 during trading hours on Friday, reaching $78.22. The stock had a trading volume of 661,821 shares, compared to its average volume of 1,044,681. The firm has a 50-day moving average of $81.68 and a 200-day moving average of $81.46. The firm has a market cap of $11.21 billion, a price-to-earnings ratio of 14.41 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 fifty-two week low of $46.46 and a fifty-two week high of $101.50.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $3.67 by ($1.63). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $253.00 million during the quarter, compared to analyst estimates of $252.50 million. Equities research analysts predict that Liberty Broadband Co. will post 7.71 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Liberty Broadband in a research report on Monday. They issued a "sell" rating on the stock.

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.