Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. reduced its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,975 shares of the company’s stock after selling 205 shares during the period. Brown Brothers Harriman & Co.’s holdings in Liberty Broadband were worth $297,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LBRDK. Cerity Partners LLC increased its holdings in shares of Liberty Broadband by 8.3% in the third quarter. Cerity Partners LLC now owns 7,357 shares of the company’s stock valued at $569,000 after buying an additional 562 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Liberty Broadband by 0.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company’s stock worth $2,101,000 after acquiring an additional 125 shares during the last quarter. FMR LLC grew its holdings in shares of Liberty Broadband by 104.4% in the 3rd quarter. FMR LLC now owns 563,964 shares of the company’s stock worth $43,589,000 after acquiring an additional 288,078 shares during the last quarter. Walleye Capital LLC acquired a new stake in shares of Liberty Broadband during the third quarter worth $2,253,000. Finally, Captrust Financial Advisors lifted its holdings in shares of Liberty Broadband by 15.3% during the third quarter. Captrust Financial Advisors now owns 4,417 shares of the company’s stock valued at $341,000 after purchasing an additional 586 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors.

Liberty Broadband Stock Down 0.1 %

Shares of NASDAQ:LBRDK opened at $85.05 on Tuesday. The firm has a 50 day simple moving average of $81.42 and a 200 day simple moving average of $80.56. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50. 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 cap of $12.19 billion, a PE ratio of 15.66 and a beta of 1.06.

Liberty Broadband (NASDAQ:LBRDK) last released its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (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 business had revenue of $253.00 million during the quarter, compared to analysts’ expectations of $252.50 million. As a group, research analysts expect that Liberty Broadband Co. will post 7.71 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Liberty Broadband in a research note on Saturday. They issued a “sell” rating on the stock.

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.