Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by State Street Corp

State Street Corp reduced its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,011,649 shares of the company's stock after selling 45,952 shares during the period. State Street Corp owned 1.41% of Liberty Broadband worth $155,480,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its holdings in shares of Liberty Broadband by 0.5% during the third quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company's stock worth $2,101,000 after buying an additional 125 shares in the last quarter. Capital Advisors Ltd. LLC boosted its position in Liberty Broadband by 75.8% during the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company's stock worth $34,000 after acquiring an additional 191 shares during the last quarter. GAMMA Investing LLC grew its stake in Liberty Broadband by 200.7% in the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company's stock worth $33,000 after acquiring an additional 283 shares during the period. Quarry LP acquired a new position in Liberty Broadband in the 3rd quarter valued at $28,000. Finally, KBC Group NV lifted its stake in shares of Liberty Broadband by 6.9% during the 3rd quarter. KBC Group NV now owns 5,893 shares of the company's stock worth $455,000 after purchasing an additional 382 shares during the period. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a report on Saturday, December 7th. They set a "sell" rating on the stock.

Insider Activity at Liberty Broadband

In other news, CAO Brian J. Wendling sold 2,208 shares of the firm's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the transaction, the chief accounting officer now directly owns 11,054 shares in the company, valued at approximately $838,335.36. This trade represents a 16.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of the business's stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $338,624.88. Following the sale, the insider now directly owns 3,670 shares of the company's stock, valued at approximately $280,975.20. This represents a 54.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,673 shares of company stock valued at $509,688 over the last ninety days. Corporate insiders own 10.80% of the company's stock.

Liberty Broadband Stock Down 1.1 %

Shares of NASDAQ:LBRDK traded down $0.93 during mid-day trading on Friday, hitting $82.38. 920,065 shares of the company traded hands, compared to its average volume of 1,194,450. The firm has a market cap of $11.77 billion, a P/E ratio of 15.17 and a beta of 1.02. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $101.50. The firm's 50 day simple moving average is $85.11 and its 200 day simple moving average is $68.65. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates of $2.68 by ($1.69). The firm had revenue of $262.00 million for the quarter, compared to analyst estimates of $237.41 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same period in the previous year, the business posted $1.10 earnings per share. On average, equities analysts anticipate that Liberty Broadband Co. will post 6.72 EPS for the current 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.