Korea Investment CORP Reduces Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Korea Investment CORP reduced its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 55.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,967 shares of the company's stock after selling 56,566 shares during the quarter. Korea Investment CORP's holdings in Liberty Broadband were worth $3,436,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Barclays PLC increased its holdings in Liberty Broadband by 6.4% in the third quarter. Barclays PLC now owns 6,899,331 shares of the company's stock valued at $533,251,000 after purchasing an additional 415,496 shares during the period. ABC Arbitrage SA bought a new stake in shares of Liberty Broadband in the 4th quarter valued at $563,000. Wolverine Asset Management LLC raised its holdings in shares of Liberty Broadband by 458.8% during the fourth quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company's stock valued at $710,000 after purchasing an additional 7,799 shares during the period. Point72 Asset Management L.P. boosted its holdings in Liberty Broadband by 54.8% in the third quarter. Point72 Asset Management L.P. now owns 294,641 shares of the company's stock worth $22,773,000 after acquiring an additional 104,272 shares in the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in Liberty Broadband in the 4th quarter valued at $229,000. 80.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Remove Ads

Liberty Broadband Price Performance

NASDAQ LBRDK traded down $7.42 during trading on Friday, reaching $77.10. The company's stock had a trading volume of 1,180,981 shares, compared to its average volume of 1,056,246. The stock has a market capitalization of $11.05 billion, a PE ratio of 14.20 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a fifty day moving average of $81.82 and a 200 day moving average of $81.18. Liberty Broadband Co. has a one year low of $46.46 and a one year high of $101.50.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its 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 return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $253.00 million during the quarter, compared to analysts' expectations of $252.50 million. Analysts expect that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.

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.