Wells Fargo & Company MN trimmed its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 280,311 shares of the company's stock after selling 4,718 shares during the quarter. Wells Fargo & Company MN owned 0.20% of Liberty Broadband worth $20,956,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Liberty Broadband by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company's stock worth $827,176,000 after buying an additional 95,599 shares during the last quarter. Barclays PLC increased its stake in shares of Liberty Broadband by 6.4% during the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company's stock worth $533,251,000 after purchasing an additional 415,496 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Liberty Broadband by 23.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company's stock worth $268,045,000 after purchasing an additional 686,089 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Liberty Broadband by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company's stock worth $155,736,000 after purchasing an additional 31,484 shares during the period. Finally, Madison Investment Advisors LLC purchased a new position in Liberty Broadband in the fourth quarter valued at approximately $122,714,000. 80.22% of the stock is currently owned by institutional investors.
Liberty Broadband Stock Performance
NASDAQ:LBRDK traded up $0.72 on Tuesday, reaching $79.00. 413,180 shares of the company's stock were exchanged, compared to its average volume of 1,048,460. The stock has a fifty day simple moving average of $81.68 and a 200-day simple moving average of $81.49. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50. 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 firm has a market cap of $11.32 billion, a price-to-earnings ratio of 14.55 and a beta of 1.03.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing the consensus estimate of $3.67 by ($1.63). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The business had revenue of $253.00 million during the quarter, compared to the consensus estimate of $252.50 million. As a group, sell-side analysts predict that Liberty Broadband Co. will post 7.71 earnings per share for the current year.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on Liberty Broadband in a research note on Monday. They issued a "sell" rating on the stock.
Check Out Our Latest Report on Liberty Broadband
About Liberty Broadband
(
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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