Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 248,594 shares of the company’s stock after selling 1,458 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.17% of Liberty Broadband worth $18,585,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LBRDK. Barclays PLC grew its stake in Liberty Broadband by 6.4% in the 3rd 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 during the period. Tidal Investments LLC acquired a new stake in shares of Liberty Broadband in the third quarter valued at about $217,000. Fiduciary Alliance LLC purchased a new stake in shares of Liberty Broadband during the fourth quarter worth about $376,000. Oak Thistle LLC raised its position in shares of Liberty Broadband by 146.1% during the 4th quarter. Oak Thistle LLC now owns 7,020 shares of the company’s stock worth $525,000 after purchasing an additional 4,167 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Liberty Broadband by 23.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company’s stock valued at $268,045,000 after buying an additional 686,089 shares in the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Liberty Broadband Price Performance

Shares of NASDAQ LBRDK opened at $92.97 on Friday. The stock has a market capitalization of $13.32 billion, a price-to-earnings ratio of 17.12 and a beta of 1.02. Liberty Broadband Co. has a 52 week low of $49.38 and a 52 week high of $101.50. The firm has a 50-day simple moving average of $83.28 and a 200-day simple moving average of $82.25. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40.

Liberty Broadband (NASDAQ:LBRDK) last released its earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter. The business had revenue of $256.00 million for the quarter. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. On average, equities analysts predict that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Liberty Broadband in a report on Thursday. 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.