Venator Management LLC Trims Stock Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Venator Management LLC decreased its position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 70.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,075 shares of the company's stock after selling 11,875 shares during the quarter. Liberty Broadband accounts for approximately 0.1% of Venator Management LLC's portfolio, making the stock its 21st largest position. Venator Management LLC's holdings in Liberty Broadband were worth $379,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Liberty Broadband by 0.9% during the 4th 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 period. Barclays PLC increased its position in shares of Liberty Broadband by 6.4% during the third quarter. Barclays PLC now owns 6,899,331 shares of the company's stock worth $533,251,000 after acquiring an additional 415,496 shares during the period. Assenagon Asset Management S.A. increased its position 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 worth $268,045,000 after acquiring an additional 686,089 shares during the period. Geode Capital Management LLC raised its stake in shares of Liberty Broadband by 1.6% in the third quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company's stock valued at $155,736,000 after acquiring an additional 31,484 shares in the last quarter. Finally, Madison Investment Advisors LLC purchased a new position in Liberty Broadband in the fourth quarter valued at $122,714,000. 80.22% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Liberty Broadband in a report on Saturday, March 29th. They set a "sell" rating on the stock.

Liberty Broadband Stock Down 8.8 %

NASDAQ LBRDK traded down $7.42 on Friday, hitting $77.10. 1,180,981 shares of the stock were exchanged, compared to its average volume of 1,058,258. 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 50-day moving average price of $81.82 and a 200-day moving average price of $80.91. 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 market cap of $11.05 billion, a PE ratio of 14.20 and a beta of 1.06.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its 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 return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $253.00 million for the quarter, compared to analyst estimates of $252.50 million. Sell-side analysts anticipate that Liberty Broadband Co. will post 7.71 EPS for the current fiscal 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.