Venator Management LLC Sells 11,875 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Venator Management LLC lowered its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 70.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 5,075 shares of the company’s stock after selling 11,875 shares during the period. Liberty Broadband accounts for approximately 0.1% of Venator Management LLC’s holdings, 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 quarter.

Other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its holdings in Liberty Broadband by 0.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company’s stock valued at $2,101,000 after acquiring an additional 125 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Liberty Broadband by 61.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock worth $30,000 after purchasing an additional 154 shares during the period. CIBC Asset Management Inc lifted its holdings in Liberty Broadband by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 3,757 shares of the company’s stock worth $281,000 after purchasing an additional 199 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in Liberty Broadband by 0.6% in the 4th quarter. Handelsbanken Fonder AB now owns 33,300 shares of the company’s stock valued at $2,490,000 after purchasing an additional 200 shares during the period. Finally, Wealthspire Advisors LLC grew its holdings in Liberty Broadband by 5.7% in the 4th quarter. Wealthspire Advisors LLC now owns 4,543 shares of the company’s stock valued at $340,000 after buying an additional 244 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $85.13 on Monday. The firm has a 50 day moving average of $81.25 and a 200-day moving average of $80.39. The stock has a market capitalization of $12.20 billion, a PE ratio of 15.68 and a beta of 1.06. 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 Co. has a 12 month low of $46.46 and a 12 month high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last posted 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 company had revenue of $253.00 million during 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%. On average, equities research analysts predict that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a research report on Saturday. They issued a “sell” rating for the company.

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.