Wittenberg Investment Management Inc. Has $2.99 Million Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Wittenberg Investment Management Inc. reduced its position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 19.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,989 shares of the company's stock after selling 9,829 shares during the period. Liberty Broadband comprises about 1.2% of Wittenberg Investment Management Inc.'s holdings, making the stock its 16th largest position. Wittenberg Investment Management Inc.'s holdings in Liberty Broadband were worth $2,990,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Slotnik Capital LLC acquired a new position in Liberty Broadband during the fourth quarter worth $7,005,000. Headlands Technologies LLC boosted its position in Liberty Broadband by 17.0% during the fourth quarter. Headlands Technologies LLC now owns 20,117 shares of the company's stock worth $1,504,000 after purchasing an additional 2,926 shares during the period. National Bank of Canada FI grew its holdings in Liberty Broadband by 74.2% during the fourth quarter. National Bank of Canada FI now owns 79,816 shares of the company's stock valued at $5,967,000 after purchasing an additional 34,007 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Liberty Broadband by 7.6% in the fourth quarter. Alliancebernstein L.P. now owns 55,085 shares of the company's stock valued at $4,118,000 after purchasing an additional 3,897 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of Liberty Broadband by 32.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,814 shares of the company's stock worth $509,000 after buying an additional 1,650 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analysts Set New Price Targets

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

Liberty Broadband Stock Performance

NASDAQ LBRDK traded down $0.64 during trading on Wednesday, hitting $73.01. The company's stock had a trading volume of 370,061 shares, compared to its average volume of 1,054,194. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 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 firm has a market cap of $10.46 billion, a P/E ratio of 13.47 and a beta of 1.03. The firm has a 50 day moving average price of $81.46 and a 200 day moving average price of $81.32.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing the consensus estimate of $3.67 by ($1.63). The company had revenue of $253.00 million for 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%. Equities research analysts forecast that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

About Liberty Broadband

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.