Highbridge Capital Management LLC Trims Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Highbridge Capital Management LLC lessened its stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 55.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 356,177 shares of the company's stock after selling 444,956 shares during the period. Highbridge Capital Management LLC owned about 0.25% of Liberty Broadband worth $26,628,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LBRDK. Groupama Asset Managment bought a new position in Liberty Broadband during the third quarter worth $25,000. Quarry LP acquired a new position in shares of Liberty Broadband in the 3rd quarter valued at about $28,000. Smartleaf Asset Management LLC boosted its position in shares of Liberty Broadband by 61.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock valued at $30,000 after purchasing an additional 154 shares in the last quarter. Blue Trust Inc. boosted 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 valued at $36,000 after purchasing an additional 266 shares in the last quarter. Finally, Jones Financial Companies Lllp grew 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 period. Institutional investors and hedge funds own 80.22% of the company's stock.

Liberty Broadband Stock Up 1.2 %

Shares of LBRDK traded up $1.03 during trading hours on Tuesday, hitting $86.08. The stock had a trading volume of 201,818 shares, compared to its average volume of 1,062,732. Liberty Broadband Co. has a 1-year low of $46.46 and a 1-year high of $101.50. The firm has a market capitalization of $12.33 billion, a P/E ratio of 15.84 and a beta of 1.06. The firm has a 50 day simple moving average of $81.42 and a 200-day simple moving average of $80.56. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07.

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Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released 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 business had revenue of $253.00 million for 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%. Sell-side analysts predict that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Liberty Broadband in a research report on Saturday. They set 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.