Palliser Capital UK Ltd Sells 357,694 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Palliser Capital UK Ltd cut its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 74.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 122,498 shares of the company’s stock after selling 357,694 shares during the quarter. Liberty Broadband accounts for about 7.3% of Palliser Capital UK Ltd’s investment portfolio, making the stock its 3rd largest holding. Palliser Capital UK Ltd owned about 0.09% of Liberty Broadband worth $9,158,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of 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 purchasing an additional 415,496 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings 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 valued at $268,045,000 after acquiring an additional 686,089 shares during the period. Whitebox Advisors LLC grew its position in shares of Liberty Broadband by 29.5% during the second quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company’s stock worth $163,260,000 after acquiring an additional 677,785 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Liberty Broadband by 19.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company’s stock worth $113,045,000 after acquiring an additional 330,159 shares during the period. Finally, Geode Capital Management LLC lifted its position in Liberty Broadband by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company’s stock valued at $155,736,000 after purchasing an additional 31,484 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Insider Activity at Liberty Broadband

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of Liberty Broadband stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total value of $9,967,500.00. Following the transaction, the chief executive officer now owns 1,435,256 shares in the company, valued at approximately $114,447,313.44. The trade was a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold 196,542 shares of company stock valued at $15,834,108 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Liberty Broadband in a research note on Thursday. They issued a “sell” rating on the stock.

Liberty Broadband Stock Up 0.6 %

LBRDK stock opened at $75.98 on Thursday. The firm’s 50-day moving average is $82.84 and its two-hundred day moving average is $72.68. The company has a market capitalization of $10.85 billion, a price-to-earnings ratio of 13.99 and a beta of 1.04. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40.

Liberty Broadband (NASDAQ:LBRDK) last released its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $262.00 million during the quarter, compared to analyst estimates of $237.41 million. During the same quarter last year, the company earned $1.10 earnings per share. On average, analysts forecast that Liberty Broadband Co. will post 7.71 earnings per share 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.