XTX Topco Ltd Trims Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

XTX Topco Ltd trimmed its position in Liberty Broadband Co. (NASDAQ:LBRDK) by 32.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,587 shares of the company’s stock after selling 2,745 shares during the quarter. XTX Topco Ltd’s holdings in Liberty Broadband were worth $418,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions 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 valued at $533,251,000 after acquiring an additional 415,496 shares during the period. ABC Arbitrage SA bought a new position in shares of Liberty Broadband during the 4th quarter worth approximately $563,000. Wolverine Asset Management LLC lifted 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 acquiring an additional 7,799 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in Liberty Broadband in the fourth quarter valued at approximately $229,000. Finally, Investment Management Associates Inc. ADV grew its holdings in Liberty Broadband by 2.1% in the fourth quarter. Investment Management Associates Inc. ADV now owns 223,440 shares of the company’s stock worth $16,704,000 after purchasing an additional 4,640 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Liberty Broadband Stock Down 4.5 %

NASDAQ:LBRDK opened at $74.70 on Tuesday. The company’s 50 day moving average is $81.58 and its two-hundred day moving average is $81.48. The company has a market cap of $10.70 billion, a PE ratio of 13.76 and a beta of 1.03. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $101.50. 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 (NASDAQ:LBRDK) last released its earnings results 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). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $253.00 million during the quarter, compared to analyst estimates of $252.50 million. Analysts anticipate that Liberty Broadband Co. will post 7.71 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Liberty Broadband in a research report on Tuesday. They issued 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.