Legal & General Group Plc Sells 22,152 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Legal & General Group Plc decreased its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 15.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 122,187 shares of the company’s stock after selling 22,152 shares during the period. Legal & General Group Plc’s holdings in Liberty Broadband were worth $9,135,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Barclays PLC boosted its stake in Liberty Broadband by 6.4% in the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock valued at $533,251,000 after acquiring an additional 415,496 shares in the last quarter. ABC Arbitrage SA purchased a new position in shares of Liberty Broadband in the 4th quarter valued at approximately $563,000. Wolverine Asset Management LLC boosted its stake in Liberty Broadband by 458.8% in the 4th quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company’s stock worth $710,000 after purchasing an additional 7,799 shares in the last quarter. Everence Capital Management Inc. acquired a new position in Liberty Broadband during the 4th quarter valued at approximately $229,000. Finally, Investment Management Associates Inc. ADV lifted its stake in shares of Liberty Broadband by 2.1% during the fourth quarter. Investment Management Associates Inc. ADV now owns 223,440 shares of the company’s stock worth $16,704,000 after buying an additional 4,640 shares during the period. Institutional investors own 80.22% of the company’s stock.

Liberty Broadband Stock Up 2.1 %

NASDAQ:LBRDK opened at $78.22 on Friday. The firm has a market capitalization of $11.21 billion, a P/E ratio of 14.41 and a beta of 1.03. The company’s fifty day moving average price is $81.68 and its 200-day moving average price is $81.46. Liberty Broadband Co. has a 1-year low of $46.46 and a 1-year high of $101.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, equities research analysts anticipate that Liberty Broadband Co. will post 7.71 EPS for the current year.

Wall Street Analyst Weigh In

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

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.