Wittenberg Investment Management Inc. Lowers Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Wittenberg Investment Management Inc. trimmed its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 19.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,989 shares of the company’s stock after selling 9,829 shares during the quarter. Liberty Broadband comprises about 1.2% of Wittenberg Investment Management Inc.’s holdings, making the stock its 16th largest position. Wittenberg Investment Management Inc.’s holdings in Liberty Broadband were worth $2,990,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Liberty Broadband by 6.4% in the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after buying an additional 415,496 shares during the last quarter. ABC Arbitrage SA bought a new position in Liberty Broadband in the fourth quarter valued at $563,000. Wolverine Asset Management LLC raised its position in Liberty Broadband by 458.8% during the fourth quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company’s stock valued at $710,000 after purchasing an additional 7,799 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Liberty Broadband by 54.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 294,641 shares of the company’s stock worth $22,773,000 after purchasing an additional 104,272 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new position in shares of Liberty Broadband during the 4th quarter valued at about $229,000. 80.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Liberty Broadband in a research report on Saturday, March 29th. They issued a “sell” rating for the company.

Liberty Broadband Price Performance

LBRDK stock opened at $84.52 on Friday. The firm has a market cap of $12.11 billion, a P/E ratio of 15.57 and a beta of 1.06. The firm’s fifty day moving average is $81.91 and its 200 day moving average is $80.81. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week 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.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share 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 company had revenue of $253.00 million for the quarter, compared to analysts’ expectations of $252.50 million. Research analysts predict that Liberty Broadband Co. will post 7.71 earnings per share for the current year.

About Liberty Broadband

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.