D. E. Shaw & Co. Inc. Has $40.74 Million Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

D. E. Shaw & Co. Inc. lessened its position in Liberty Broadband Co. (NASDAQ:LBRDK) by 59.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 544,893 shares of the company’s stock after selling 809,055 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Liberty Broadband were worth $40,736,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Liberty Broadband by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company’s stock valued at $827,176,000 after purchasing an additional 95,599 shares during the period. Barclays PLC grew its position 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 buying an additional 415,496 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Liberty Broadband by 23.7% in the fourth 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 during the period. Deutsche Bank AG raised its position in shares of Liberty Broadband by 125.6% during the fourth quarter. Deutsche Bank AG now owns 3,060,143 shares of the company’s stock worth $228,776,000 after acquiring an additional 1,703,637 shares during the last quarter. Finally, Finepoint Capital LP lifted its stake in shares of Liberty Broadband by 1.1% in the fourth quarter. Finepoint Capital LP now owns 2,015,710 shares of the company’s stock worth $150,694,000 after acquiring an additional 21,200 shares during the period. 80.22% of the stock is currently owned by institutional investors.

Liberty Broadband Stock Performance

Shares of LBRDK opened at $92.97 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. The firm’s fifty day simple moving average is $83.28 and its two-hundred day simple moving average is $82.26. Liberty Broadband Co. has a 12 month low of $49.38 and a 12 month high of $101.50. The stock has a market capitalization of $13.32 billion, a P/E ratio of 17.12 and a beta of 1.02.

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

Analysts Set New Price Targets

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

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.