Wallace Capital Management Inc. Lowers Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Wallace Capital Management Inc. reduced its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 103,912 shares of the company’s stock after selling 3,120 shares during the quarter. Liberty Broadband accounts for 1.1% of Wallace Capital Management Inc.’s holdings, making the stock its 17th largest position. Wallace Capital Management Inc. owned approximately 0.07% of Liberty Broadband worth $7,768,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of LBRDK. Vanguard Group Inc. raised its position in shares of Liberty Broadband by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company’s stock worth $827,176,000 after acquiring an additional 95,599 shares during the period. Barclays PLC increased its stake 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 purchasing an additional 415,496 shares in the last quarter. Deutsche Bank AG raised its holdings in Liberty Broadband by 125.6% in the 4th quarter. Deutsche Bank AG now owns 3,060,143 shares of the company’s stock worth $228,776,000 after purchasing an additional 1,703,637 shares during the period. Finepoint Capital LP boosted its position in Liberty Broadband by 1.1% during the fourth quarter. Finepoint Capital LP now owns 2,015,710 shares of the company’s stock worth $150,694,000 after purchasing an additional 21,200 shares in the last quarter. Finally, Madison Investment Advisors LLC acquired a new stake in Liberty Broadband in the fourth quarter valued at approximately $122,714,000. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Stock Performance

NASDAQ:LBRDK opened at $99.08 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $14.20 billion, a PE ratio of 18.25 and a beta of 1.02. Liberty Broadband Co. has a fifty-two week low of $49.38 and a fifty-two week high of $104.00. The company has a fifty day moving average of $84.79 and a two-hundred day moving average of $82.87.

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

Analyst Ratings Changes

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

Liberty Broadband 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.