Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 8.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,861,260 shares of the company’s stock after selling 181,504 shares during the period. Bank of America Corp DE owned about 1.30% of Liberty Broadband worth $139,148,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Barclays PLC increased its position in Liberty Broadband by 6.4% during the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after purchasing an additional 415,496 shares in the last quarter. ABC Arbitrage SA purchased a new position in shares of Liberty Broadband during the 4th quarter worth about $563,000. Canada Pension Plan Investment Board grew its holdings in Liberty Broadband by 331.4% in the fourth quarter. Canada Pension Plan Investment Board now owns 228,200 shares of the company’s stock valued at $17,060,000 after purchasing an additional 175,300 shares during the period. Wolverine Asset Management LLC increased 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 worth $710,000 after purchasing an additional 7,799 shares during the last quarter. Finally, Investment Management Associates Inc. ADV raised its stake in Liberty Broadband by 2.1% during 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 period. 80.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Liberty Broadband Stock Down 0.7 %

Shares of NASDAQ LBRDK opened at $92.97 on Friday. The stock has a fifty day moving average price of $83.28 and a 200 day moving average price of $82.25. The company has a market cap of $13.32 billion, a P/E ratio of 17.12 and a beta of 1.02. Liberty Broadband Co. has a 12-month low of $49.38 and a 12-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 posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 earnings per share (EPS) for the quarter. The company had revenue of $256.00 million for the quarter. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. Research analysts anticipate that Liberty Broadband Co. will post 7.71 EPS for the current fiscal 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.