Palliser Capital UK Ltd Trims Stock Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Palliser Capital UK Ltd lowered its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 74.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,498 shares of the company's stock after selling 357,694 shares during the period. Liberty Broadband makes up about 7.3% of Palliser Capital UK Ltd's investment portfolio, making the stock its 3rd largest position. Palliser Capital UK Ltd owned approximately 0.09% of Liberty Broadband worth $9,158,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC increased 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 buying an additional 415,496 shares during the last quarter. Hi Line Capital Management LLC lifted its position in shares of Liberty Broadband by 498.4% in the 3rd quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company's stock worth $10,902,000 after buying an additional 117,483 shares during the last quarter. Bank of Montreal Can grew its position in shares of Liberty Broadband by 172.6% during the 2nd quarter. Bank of Montreal Can now owns 258,212 shares of the company's stock valued at $14,173,000 after buying an additional 163,502 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Liberty Broadband during the 3rd quarter worth approximately $861,000. Finally, Commonwealth Equity Services LLC acquired a new position in Liberty Broadband during the 2nd quarter valued at approximately $602,000. Institutional investors and hedge funds own 80.22% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Liberty Broadband in a research report on Thursday. They issued a "sell" rating on the stock.

Liberty Broadband Stock Down 0.0 %

Shares of NASDAQ:LBRDK traded down $0.01 during midday trading on Thursday, hitting $75.92. 371,037 shares of the stock were exchanged, compared to its average volume of 652,581. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $101.50. The business's fifty day simple moving average is $82.84 and its two-hundred day simple moving average is $72.68. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market capitalization of $10.84 billion, a PE ratio of 13.99 and a beta of 1.04.

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). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $262.00 million for the quarter, compared to the consensus estimate of $237.41 million. During the same quarter in the prior year, the business posted $1.10 EPS. As a group, research analysts predict that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Insider Activity at Liberty Broadband

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,435,256 shares in the company, valued at $114,447,313.44. This represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 196,542 shares of company stock worth $15,834,108. Company insiders own 10.80% of the company's stock.

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.