Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lessened its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 280,311 shares of the company’s stock after selling 4,718 shares during the quarter. Wells Fargo & Company MN’s holdings in Liberty Broadband were worth $20,956,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LBRDK. Captrust Financial Advisors raised its stake in shares of Liberty Broadband by 15.3% during the third quarter. Captrust Financial Advisors now owns 4,417 shares of the company’s stock valued at $341,000 after purchasing an additional 586 shares during the period. Stifel Financial Corp lifted its holdings in Liberty Broadband by 1.5% in the 3rd quarter. Stifel Financial Corp now owns 94,461 shares of the company’s stock worth $7,301,000 after buying an additional 1,409 shares in the last quarter. Barclays PLC boosted its position 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 buying an additional 415,496 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Liberty Broadband by 1.6% during the third quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company’s stock worth $155,736,000 after acquiring an additional 31,484 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Liberty Broadband in the third quarter worth about $225,000. 80.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Liberty Broadband in a research note on Sunday, April 6th. They set a “sell” rating for the company.

Liberty Broadband Trading Down 0.2 %

LBRDK opened at $76.84 on Friday. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month 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. The stock has a market capitalization of $11.01 billion, a PE ratio of 14.15 and a beta of 1.03. The firm’s fifty day moving average price is $81.66 and its 200 day moving average price is $81.46.

Liberty Broadband (NASDAQ:LBRDK) last issued its 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). 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, research analysts expect that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.

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.