Long Path Partners LP reduced its position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 82.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 49,930 shares of the company's stock after selling 240,519 shares during the period. Liberty Broadband comprises approximately 1.2% of Long Path Partners LP's holdings, making the stock its 11th biggest holding. Long Path Partners LP's holdings in Liberty Broadband were worth $3,733,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of LBRDK. Madison Investment Advisors LLC purchased a new position in Liberty Broadband in the 4th quarter worth approximately $122,714,000. Norges Bank acquired a new position in Liberty Broadband in the 4th quarter worth $100,845,000. Assenagon Asset Management S.A. grew its stake in shares of Liberty Broadband by 23.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company's stock valued at $268,045,000 after acquiring an additional 686,089 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of Liberty Broadband in the fourth quarter worth about $46,906,000. Finally, Barclays PLC boosted its holdings in Liberty Broadband by 6.4% in the third quarter. Barclays PLC now owns 6,899,331 shares of the company's stock valued at $533,251,000 after purchasing an additional 415,496 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.
Liberty Broadband Stock Performance
Shares of NASDAQ LBRDK traded up $1.64 during midday trading on Tuesday, hitting $77.72. 214,472 shares of the company's stock were exchanged, compared to its average volume of 1,053,942. The stock's 50 day moving average price is $81.72 and its 200-day moving average price is $81.28. 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 $11.14 billion, a P/E ratio of 14.33 and a beta of 1.03. 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 issued its quarterly earnings data 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 net margin of 78.07% and a return on equity of 8.45%. The company had revenue of $253.00 million for the quarter, compared to the consensus estimate of $252.50 million. Equities research analysts anticipate that Liberty Broadband Co. will post 7.71 EPS for the current year.
Analyst Ratings Changes
Separately, StockNews.com started coverage on Liberty Broadband in a report on Sunday. They set a "sell" rating on the stock.
Check Out Our Latest Research Report on LBRDK
Liberty Broadband Company Profile
(
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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