Korea Investment CORP Sells 56,566 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Korea Investment CORP cut its position in Liberty Broadband Co. (NASDAQ:LBRDK) by 55.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,967 shares of the company’s stock after selling 56,566 shares during the quarter. Korea Investment CORP’s holdings in Liberty Broadband were worth $3,436,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Groupama Asset Managment bought a new position in shares of Liberty Broadband in the 3rd quarter worth about $25,000. Quarry LP acquired a new stake in shares of Liberty Broadband during the 3rd quarter worth approximately $28,000. Smartleaf Asset Management LLC increased its stake in shares of Liberty Broadband by 61.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock valued at $30,000 after acquiring an additional 154 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company’s stock valued at $36,000 after acquiring an additional 266 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in Liberty Broadband by 138.0% during the fourth quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock worth $36,000 after acquiring an additional 283 shares in the last quarter. 80.22% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Price Performance

Shares of LBRDK opened at $85.53 on Wednesday. The stock has a market cap of $12.25 billion, a P/E ratio of 15.75 and a beta of 1.06. The business’s fifty day moving average is $81.60 and its 200 day moving average is $80.73. 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 12-month low of $46.46 and a 12-month high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.67 by ($1.63). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $253.00 million for the quarter, compared to analyst estimates of $252.50 million. Sell-side analysts anticipate that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Liberty Broadband in a report on Saturday. They set a “sell” rating on the stock.

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.