Liberty Broadband Co. (NASDAQ:LBRDK) is Quaker Capital Investments LLC’s 5th Largest Position

Quaker Capital Investments LLC cut its stake in Liberty Broadband Co. (NASDAQ:LBRDK) by 21.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 322,556 shares of the company’s stock after selling 89,059 shares during the quarter. Liberty Broadband makes up approximately 9.0% of Quaker Capital Investments LLC’s portfolio, making the stock its 5th largest holding. Quaker Capital Investments LLC owned approximately 0.23% of Liberty Broadband worth $24,114,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LBRDK. Smartleaf Asset Management LLC grew its position in shares of Liberty Broadband by 61.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock valued at $30,000 after purchasing an additional 154 shares in the last quarter. Blue Trust Inc. grew its holdings in Liberty Broadband by 134.3% in the 4th quarter. Blue Trust Inc. now owns 464 shares of the company’s stock valued at $36,000 after buying an additional 266 shares in the last quarter. Lee Danner & Bass Inc. purchased a new stake in Liberty Broadband in the 4th quarter valued at $36,000. Jones Financial Companies Lllp increased its stake in shares of Liberty Broadband by 138.0% in the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock worth $36,000 after acquiring an additional 283 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of Liberty Broadband during the 4th quarter worth $37,000. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Liberty Broadband Trading Down 0.2 %

Shares of Liberty Broadband stock opened at $76.84 on Monday. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. 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 firm has a market capitalization of $11.01 billion, a price-to-earnings ratio of 14.15 and a beta of 1.03. The stock has a 50 day moving average of $81.66 and a 200 day moving average of $81.50.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings results on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $3.67 by ($1.63). The firm had revenue of $253.00 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%. As a group, research analysts predict that Liberty Broadband Co. will post 7.71 earnings per share for the current year.

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.