Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Amundi

Amundi decreased its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 93.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 101,374 shares of the company's stock after selling 1,374,619 shares during the quarter. Amundi owned approximately 0.07% of Liberty Broadband worth $7,735,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Groupama Asset Managment acquired a new stake in Liberty Broadband during the 3rd quarter worth $25,000. Quarry LP purchased a new position in shares of Liberty Broadband during the third quarter worth about $28,000. Smartleaf Asset Management LLC raised its stake in 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 acquiring an additional 154 shares during the last quarter. Blue Trust Inc. lifted its position in Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company's stock worth $36,000 after acquiring an additional 266 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in Liberty Broadband by 138.0% during the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company's stock worth $36,000 after acquiring an additional 283 shares during the period. Institutional investors and hedge funds own 80.22% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Liberty Broadband in a research note on Thursday, March 13th. They set a "sell" rating for the company.

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Liberty Broadband Price Performance

LBRDK stock traded down $0.50 on Wednesday, reaching $81.45. 456,969 shares of the company's stock were exchanged, compared to its average volume of 1,013,810. The stock has a fifty day moving average of $79.70 and a 200-day moving average of $79.01. The firm has a market cap of $11.67 billion, a PE ratio of 15.00 and a beta of 1.06. 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 twelve month low of $46.46 and a twelve month 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 for the quarter, missing analysts' consensus estimates of $3.67 by ($1.63). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The company had revenue of $253.00 million for the quarter, compared to analyst estimates of $252.50 million. As a group, equities analysts predict that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.

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.