Invesco Ltd. Has $42.43 Million Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

Invesco Ltd. reduced its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 10.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 567,555 shares of the company's stock after selling 62,883 shares during the period. Invesco Ltd. owned approximately 0.40% of Liberty Broadband worth $42,430,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its stake in Liberty Broadband by 61.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock worth $30,000 after buying an additional 154 shares during 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 acquiring an additional 266 shares during the last quarter. Lee Danner & Bass Inc. purchased a new stake in shares of Liberty Broadband in the fourth quarter valued at about $36,000. Jones Financial Companies Lllp raised 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. Finally, R Squared Ltd purchased a new stake in shares of Liberty Broadband in the 4th quarter valued at approximately $37,000. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Stock Performance

NASDAQ LBRDK traded up $1.62 during trading hours on Friday, hitting $78.22. The company had a trading volume of 661,821 shares, compared to its average volume of 1,045,180. The business has a fifty day simple moving average of $81.68 and a 200-day simple moving average of $81.47. The firm has a market cap of $11.21 billion, a P/E ratio of 14.41 and a beta of 1.03. The company has a quick ratio of 2.07, a current 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 results on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) 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 company had revenue of $253.00 million during the quarter, compared to the consensus estimate of $252.50 million. Equities analysts predict that Liberty Broadband Co. will post 7.71 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a report on Monday, April 14th. They set a "sell" rating for the company.

Liberty Broadband 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.