Seizert Capital Partners LLC reduced its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 33.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,936 shares of the company's stock after selling 47,832 shares during the period. Seizert Capital Partners LLC owned 0.07% of Liberty Broadband worth $7,172,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its stake in Liberty Broadband by 0.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company's stock valued at $2,101,000 after purchasing an additional 125 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Liberty Broadband by 61.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock valued at $30,000 after purchasing an additional 154 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Liberty Broadband by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 3,757 shares of the company's stock valued at $281,000 after buying an additional 199 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in Liberty Broadband by 0.6% in the 4th quarter. Handelsbanken Fonder AB now owns 33,300 shares of the company's stock worth $2,490,000 after buying an additional 200 shares in the last quarter. Finally, Wealthspire Advisors LLC raised its position in Liberty Broadband by 5.7% in the 4th quarter. Wealthspire Advisors LLC now owns 4,543 shares of the company's stock worth $340,000 after buying an additional 244 shares during the last quarter. Institutional investors own 80.22% of the company's stock.
Liberty Broadband Stock Performance
LBRDK stock traded down $0.26 during trading on Friday, reaching $87.13. The stock had a trading volume of 808,059 shares, compared to its average volume of 860,805. The stock's 50 day moving average is $78.88 and its two-hundred day moving average is $77.85. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50. 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 market cap of $12.45 billion, a PE ratio of 16.05 and a beta of 1.06.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $3.67 by ($1.63). The business had revenue of $253.00 million for the quarter, compared to analysts' expectations of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. As a group, equities analysts anticipate that Liberty Broadband Co. will post 7.71 earnings per share for the current year.
Insider Activity at Liberty Broadband
In other news, CEO Gregory B. Maffei sold 71,500 shares of the company's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $82.00, for a total value of $5,863,000.00. Following the completion of the transaction, the chief executive officer now owns 2,827,013 shares of the company's stock, valued at $231,815,066. This represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 10.80% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a research note on Wednesday. They issued a "sell" rating for the company.
Get Our Latest Stock Report on Liberty Broadband
Liberty Broadband Company Profile
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Free Report)
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.
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