Stockbridge Partners LLC Has $139.56 Million Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Stockbridge Partners LLC lessened its position in Liberty Broadband Co. (NASDAQ:LBRDK) by 50.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,866,717 shares of the company’s stock after selling 1,921,125 shares during the period. Liberty Broadband comprises approximately 3.0% of Stockbridge Partners LLC’s holdings, making the stock its 11th biggest holding. Stockbridge Partners LLC’s holdings in Liberty Broadband were worth $139,556,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in Liberty Broadband by 61.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock worth $30,000 after buying an additional 154 shares in the last quarter. Blue Trust Inc. lifted its position in Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company’s stock worth $36,000 after buying an additional 266 shares in the last quarter. Lee Danner & Bass Inc. acquired a new position in Liberty Broadband during the 4th quarter worth about $36,000. Jones Financial Companies Lllp lifted its position in Liberty Broadband by 138.0% during the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock worth $36,000 after buying an additional 283 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Liberty Broadband during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 80.22% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Liberty Broadband in a research report on Friday. They set a “sell” rating on the stock.

Liberty Broadband Stock Performance

Liberty Broadband stock opened at $101.29 on Friday. 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 1 year low of $49.38 and a 1 year high of $104.00. The company has a market cap of $14.51 billion, a PE ratio of 18.65 and a beta of 1.02. The company’s 50-day moving average is $84.41 and its two-hundred day moving average is $82.79.

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