PNC Financial Services Group Inc. decreased its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,162 shares of the company's stock after selling 3,551 shares during the period. PNC Financial Services Group Inc.'s holdings in Liberty Broadband were worth $5,320,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its stake in Liberty Broadband by 23.7% in 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 buying an additional 686,089 shares in the last quarter. Barclays PLC boosted its stake 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Liberty Broadband by 63.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 940,168 shares of the company's stock valued at $72,666,000 after buying an additional 366,614 shares in the last quarter. FMR LLC boosted its stake in Liberty Broadband by 104.4% in the third quarter. FMR LLC now owns 563,964 shares of the company's stock valued at $43,589,000 after buying an additional 288,078 shares in the last quarter. Finally, Isomer Partners LP acquired a new stake in Liberty Broadband in the third quarter valued at about $20,095,000. Institutional investors own 80.22% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com began coverage on Liberty Broadband in a research note on Thursday. They set a "sell" rating on the stock.
Read Our Latest Stock Analysis on LBRDK
Liberty Broadband Trading Up 2.9 %
Shares of LBRDK stock traded up $2.29 during mid-day trading on Friday, reaching $81.38. 548,227 shares of the stock traded hands, compared to its average volume of 869,394. The stock's fifty day simple moving average is $79.45 and its two-hundred day simple moving average is $78.63. Liberty Broadband Co. has a 1-year low of $46.46 and a 1-year high of $101.50. The company has a market cap of $11.66 billion, a price-to-earnings ratio of 14.99 and a beta of 1.06. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $2.04 EPS 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 firm had revenue of $253.00 million for the quarter, compared to analyst estimates of $252.50 million. On average, research analysts anticipate that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.
Insider Transactions at Liberty Broadband
In other news, CEO Gregory B. Maffei sold 125,000 shares of the firm's stock in a transaction dated 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 trade represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.80% of the stock is owned by corporate insiders.
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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