Barclays PLC Cuts Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Barclays PLC reduced its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 6.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,475,977 shares of the company’s stock after selling 423,354 shares during the period. Barclays PLC owned approximately 4.53% of Liberty Broadband worth $484,144,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Giverny Capital Inc. acquired a new stake in Liberty Broadband in the fourth quarter valued at $1,121,000. Water Island Capital LLC acquired a new stake in Liberty Broadband in the 4th quarter valued at about $2,789,000. Sterling Capital Management LLC increased its holdings in Liberty Broadband by 23.5% during the 4th quarter. Sterling Capital Management LLC now owns 5,415 shares of the company’s stock valued at $405,000 after acquiring an additional 1,029 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Liberty Broadband during the fourth quarter worth about $949,000. Finally, Sellaronda Global Management LP purchased a new stake in shares of Liberty Broadband in the fourth quarter valued at about $5,233,000. 80.22% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Stock Performance

NASDAQ:LBRDK opened at $76.84 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market cap of $11.01 billion, a PE ratio of 14.15 and a beta of 1.03. The firm has a 50 day simple moving average of $81.66 and a 200-day simple moving average of $81.50. Liberty Broadband Co. has a 1-year low of $46.46 and a 1-year high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $3.67 by ($1.63). The business had revenue of $253.00 million for the quarter, compared to analysts’ expectations of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. On average, equities analysts expect that Liberty Broadband Co. will post 7.71 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Liberty Broadband in a research report on Monday. They set a “sell” rating for the company.

Liberty Broadband Company 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.