Liberty Broadband Co. (NASDAQ:LBRDA) Shares Sold by Venator Management LLC

Venator Management LLC trimmed its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDA) by 88.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,930 shares of the company’s stock after selling 37,685 shares during the period. Liberty Broadband makes up about 0.1% of Venator Management LLC’s portfolio, making the stock its 22nd biggest position. Venator Management LLC’s holdings in Liberty Broadband were worth $367,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. M&T Bank Corp lifted its position in Liberty Broadband by 3.6% during the fourth quarter. M&T Bank Corp now owns 4,562 shares of the company’s stock valued at $339,000 after purchasing an additional 158 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Liberty Broadband by 1.9% in the 4th quarter. JPMorgan Chase & Co. now owns 14,857 shares of the company’s stock valued at $1,105,000 after buying an additional 279 shares during the period. American Century Companies Inc. boosted its stake in shares of Liberty Broadband by 10.7% in the fourth quarter. American Century Companies Inc. now owns 3,053 shares of the company’s stock worth $227,000 after buying an additional 296 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Liberty Broadband by 891.9% during the fourth quarter. Farther Finance Advisors LLC now owns 367 shares of the company’s stock worth $27,000 after acquiring an additional 330 shares during the period. Finally, Franklin Resources Inc. acquired a new position in shares of Liberty Broadband in the third quarter worth about $30,000. 10.29% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Price Performance

NASDAQ:LBRDA opened at $85.04 on Monday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a 52 week low of $47.17 and a 52 week high of $100.44. The stock’s 50-day moving average price is $80.65 and its 200-day moving average price is $79.76. The stock has a market capitalization of $12.18 billion, a PE ratio of 15.66 and a beta of 1.08.

Liberty Broadband (NASDAQ:LBRDA) last issued its quarterly earnings data on Thursday, February 27th. The company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.73 by $0.31. The company had revenue of $263.00 million for the quarter, compared to analyst estimates of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.