Dark Forest Capital Management LP Decreases Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Dark Forest Capital Management LP lowered its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 25.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,231 shares of the company's stock after selling 18,675 shares during the period. Liberty Broadband comprises 0.6% of Dark Forest Capital Management LP's investment portfolio, making the stock its 12th biggest position. Dark Forest Capital Management LP's holdings in Liberty Broadband were worth $4,129,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Madison Investment Advisors LLC purchased a new stake in shares of Liberty Broadband during the fourth quarter worth $122,714,000. Norges Bank acquired a new position in Liberty Broadband during the fourth quarter worth about $100,845,000. Assenagon Asset Management S.A. grew its stake in Liberty Broadband by 23.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company's stock valued at $268,045,000 after acquiring an additional 686,089 shares in the last quarter. Magnetar Financial LLC purchased a new stake in Liberty Broadband during the 4th quarter valued at about $46,906,000. Finally, Barclays PLC lifted its stake in Liberty Broadband by 6.4% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 80.22% of the company's stock.

Liberty Broadband Trading Up 2.8 %

Shares of LBRDK opened at $76.77 on Wednesday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $81.49 and a 200 day moving average price of $81.45. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $101.50. The firm has a market capitalization of $11.00 billion, a P/E ratio of 14.14 and a beta of 1.03.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Liberty Broadband in a research report on Tuesday. 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.

Want to see what other hedge funds are holding LBRDK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Broadband Co. (NASDAQ:LBRDK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.