Venator Management LLC Lowers Position in Liberty Broadband Co. (NASDAQ:LBRDA)

Venator Management LLC cut its holdings in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 88.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,930 shares of the company's stock after selling 37,685 shares during the period. Liberty Broadband comprises approximately 0.1% of Venator Management LLC's portfolio, making the stock its 22nd biggest holding. Venator Management LLC's holdings in Liberty Broadband were worth $367,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Wilmington Savings Fund Society FSB purchased a new position in Liberty Broadband in the third quarter worth $1,815,000. Verition Fund Management LLC purchased a new stake in Liberty Broadband during the third quarter worth about $6,402,000. Barclays PLC raised its position in Liberty Broadband by 244.6% in the third quarter. Barclays PLC now owns 4,887 shares of the company's stock worth $375,000 after acquiring an additional 3,469 shares during the period. Stifel Financial Corp purchased a new position in Liberty Broadband in the third quarter valued at about $1,235,000. Finally, Seizert Capital Partners LLC grew its position in shares of Liberty Broadband by 7.5% during the 4th quarter. Seizert Capital Partners LLC now owns 423,895 shares of the company's stock valued at $31,521,000 after acquiring an additional 29,477 shares during the period. 10.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Benchmark dropped their price objective on Liberty Broadband from $130.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $86.20.

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Liberty Broadband Stock Performance

Shares of LBRDA traded down $2.51 during trading hours on Thursday, hitting $84.29. The company's stock had a trading volume of 146,947 shares, compared to its average volume of 151,697. The business has a 50 day simple moving average of $81.22 and a two-hundred day simple moving average of $80.16. Liberty Broadband Co. has a 52-week low of $47.17 and a 52-week high of $100.44. 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 company has a market cap of $12.08 billion, a price-to-earnings ratio of 15.57 and a beta of 1.03.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.31. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $263.00 million during the quarter, compared to analyst estimates of $252.50 million.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.