Highbridge Capital Management LLC Lowers Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Highbridge Capital Management LLC lessened its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 55.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 356,177 shares of the company’s stock after selling 444,956 shares during the period. Highbridge Capital Management LLC’s holdings in Liberty Broadband were worth $26,628,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Groupama Asset Managment bought a new stake in shares of Liberty Broadband during the third quarter valued at approximately $25,000. Quarry LP purchased a new position in Liberty Broadband during the third quarter valued at $28,000. Smartleaf Asset Management LLC increased its holdings in Liberty Broadband by 61.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock valued at $30,000 after acquiring an additional 154 shares during the last quarter. Blue Trust Inc. lifted its stake in Liberty Broadband by 134.3% in the 4th quarter. Blue Trust Inc. now owns 464 shares of the company’s stock worth $36,000 after purchasing an additional 266 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Liberty Broadband by 138.0% during the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock valued at $36,000 after purchasing an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Liberty Broadband Stock Down 0.6 %

NASDAQ LBRDK opened at $88.12 on Friday. The stock has a 50 day moving average price of $81.08 and a 200-day moving average price of $79.93. Liberty Broadband Co. has a one year low of $46.46 and a one year 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 capitalization of $12.63 billion, a P/E ratio of 16.23 and a beta of 1.06.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $252.50 million. As a group, equities analysts predict that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Liberty Broadband in a report on Friday, March 21st. They issued a “sell” rating on the stock.

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.