Bank of New York Mellon Corp Has $29.97 Million Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Bank of New York Mellon Corp lifted its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 6.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 400,864 shares of the company's stock after buying an additional 23,810 shares during the quarter. Bank of New York Mellon Corp owned about 0.28% of Liberty Broadband worth $29,969,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Barclays PLC raised its holdings in Liberty Broadband by 6.4% in the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company's stock valued at $533,251,000 after acquiring an additional 415,496 shares in the last quarter. ABC Arbitrage SA acquired a new position in Liberty Broadband in the fourth quarter valued at about $563,000. Wolverine Asset Management LLC grew its stake in Liberty Broadband by 458.8% during the fourth quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company's stock worth $710,000 after buying an additional 7,799 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in Liberty Broadband by 54.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 294,641 shares of the company's stock valued at $22,773,000 after buying an additional 104,272 shares during the period. Finally, Everence Capital Management Inc. bought a new position in Liberty Broadband in the 4th quarter valued at about $229,000. Institutional investors own 80.22% of the company's stock.

Insider Buying and Selling at Liberty Broadband

In other Liberty Broadband news, CEO Gregory B. Maffei sold 71,500 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $82.00, for a total value of $5,863,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,827,013 shares in the company, valued at approximately $231,815,066. This trade represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 10.80% of the company's stock.

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Liberty Broadband Price Performance

Shares of LBRDK stock traded down $0.85 on Wednesday, hitting $80.33. 455,353 shares of the company's stock were exchanged, compared to its average volume of 873,531. The company has a 50 day moving average of $79.20 and a 200 day moving average of $78.38. The stock has a market cap of $11.51 billion, a P/E ratio of 14.78 and a beta of 1.06. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50.

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

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a research report on Wednesday, March 5th. They set a "sell" rating on the stock.

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.