Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. lowered its stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 61.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,226 shares of the company's stock after selling 8,430 shares during the period. Prudential Financial Inc.'s holdings in Liberty Broadband were worth $391,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Barclays PLC increased its holdings in Liberty Broadband by 6.4% in the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company's stock worth $533,251,000 after buying an additional 415,496 shares during the period. ABC Arbitrage SA acquired a new stake in shares of Liberty Broadband in the fourth quarter worth $563,000. Wolverine Asset Management LLC raised its holdings in shares of Liberty Broadband by 458.8% during the fourth quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company's stock worth $710,000 after purchasing an additional 7,799 shares during the last quarter. Everence Capital Management Inc. purchased a new position in shares of Liberty Broadband during the fourth quarter worth $229,000. Finally, Investment Management Associates Inc. ADV boosted its holdings in Liberty Broadband by 2.1% in the fourth quarter. Investment Management Associates Inc. ADV now owns 223,440 shares of the company's stock valued at $16,704,000 after purchasing an additional 4,640 shares during the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a report on Monday. They set a "sell" rating for the company.

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Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK traded up $1.55 during trading on Tuesday, reaching $79.83. 92,753 shares of the company's stock traded hands, compared to its average volume of 1,047,851. The firm has a market cap of $11.44 billion, a PE ratio of 14.69 and a beta of 1.03. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The company has a 50-day simple moving average of $81.68 and a 200-day simple moving average of $81.51.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued 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). The business had revenue of $253.00 million during the quarter, compared to analyst estimates of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. As a group, analysts predict that Liberty Broadband Co. will post 7.71 earnings per share for the current year.

Liberty Broadband 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.