Liberty Broadband Co. (NASDAQ:LBRDA) Shares Sold by Venator Management LLC

Venator Management LLC lowered its position in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 88.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,930 shares of the company's stock after selling 37,685 shares during the quarter. Liberty Broadband makes up approximately 0.1% of Venator Management LLC's holdings, 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.

Several other institutional investors also recently bought and sold shares of LBRDA. FMR LLC boosted its holdings in shares of Liberty Broadband by 1.0% during the third quarter. FMR LLC now owns 2,761,528 shares of the company's stock worth $212,141,000 after purchasing an additional 26,241 shares during the last quarter. Vanguard Group Inc. lifted its position in Liberty Broadband by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 1,462,794 shares of the company's stock worth $108,773,000 after buying an additional 49,547 shares during the period. Wealthfront Advisers LLC acquired a new stake in Liberty Broadband in the 4th quarter worth about $35,441,000. Seizert Capital Partners LLC boosted its stake in Liberty Broadband by 7.5% in the 4th quarter. Seizert Capital Partners LLC now owns 423,895 shares of the company's stock worth $31,521,000 after buying an additional 29,477 shares during the last quarter. Finally, Norges Bank purchased a new stake in Liberty Broadband in the 4th quarter valued at about $15,896,000. 10.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Liberty Broadband Trading Down 8.9 %

Shares of Liberty Broadband stock traded down $7.46 during trading hours on Friday, reaching $76.10. The stock had a trading volume of 271,135 shares, compared to its average volume of 152,137. The firm has a market capitalization of $10.90 billion, a price-to-earnings ratio of 14.01 and a beta of 1.03. Liberty Broadband Co. has a 1 year low of $47.17 and a 1 year high of $100.44. 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 simple moving average of $81.22 and a two-hundred day simple moving average of $80.29.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.73 by $0.31. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $263.00 million for 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.