Cooper Creek Partners Management LLC Decreases Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Cooper Creek Partners Management LLC trimmed its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 22.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 387,814 shares of the company's stock after selling 114,672 shares during the quarter. Cooper Creek Partners Management LLC owned 0.27% of Liberty Broadband worth $28,993,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in LBRDK. Barclays PLC grew its stake in Liberty Broadband by 6.4% during the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company's stock worth $533,251,000 after buying an additional 415,496 shares during the last quarter. ABC Arbitrage SA purchased a new position in shares of Liberty Broadband in the fourth quarter worth about $563,000. Wolverine Asset Management LLC increased its holdings in Liberty Broadband by 458.8% in the 4th 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 during the period. Everence Capital Management Inc. acquired a new stake in Liberty Broadband during the 4th quarter valued at approximately $229,000. Finally, Investment Management Associates Inc. ADV boosted its holdings in shares of Liberty Broadband by 2.1% in the 4th quarter. Investment Management Associates Inc. ADV now owns 223,440 shares of the company's stock valued at $16,704,000 after acquiring an additional 4,640 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors.

Liberty Broadband Stock Up 0.9 %

NASDAQ:LBRDK traded up $0.72 during trading hours on Tuesday, hitting $79.00. The company's stock had a trading volume of 413,180 shares, compared to its average volume of 1,048,460. 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 $46.46 and a 52-week high of $101.50. The stock has a market capitalization of $11.32 billion, a P/E ratio of 14.55 and a beta of 1.03. The stock has a fifty day moving average of $81.68 and a 200-day moving average of $81.49.

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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. On average, equities analysts forecast that Liberty Broadband Co. will post 7.71 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Liberty Broadband in a research note on Monday. They issued a "sell" rating for the company.

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.