D. E. Shaw & Co. Inc. Has $40.74 Million Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

D. E. Shaw & Co. Inc. reduced its stake in Liberty Broadband Co. (NASDAQ:LBRDK) by 59.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 544,893 shares of the company’s stock after selling 809,055 shares during the period. D. E. Shaw & Co. Inc. owned 0.38% of Liberty Broadband worth $40,736,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Barclays PLC boosted its stake in 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 during the period. Tidal Investments LLC bought a new stake in shares of Liberty Broadband in the third quarter valued at about $217,000. Fiduciary Alliance LLC acquired a new position in shares of Liberty Broadband in the fourth quarter valued at about $376,000. Oak Thistle LLC increased its position in Liberty Broadband by 146.1% during the fourth quarter. Oak Thistle LLC now owns 7,020 shares of the company’s stock worth $525,000 after acquiring an additional 4,167 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in Liberty Broadband by 23.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company’s stock worth $268,045,000 after purchasing an additional 686,089 shares in the last quarter. 80.22% of the stock is owned by institutional investors.

Liberty Broadband Trading Down 0.7 %

Shares of Liberty Broadband stock opened at $92.97 on Friday. 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 $49.38 and a 12-month high of $101.50. The company has a market capitalization of $13.32 billion, a price-to-earnings ratio of 17.12 and a beta of 1.02. The firm’s 50-day moving average price is $83.28 and its two-hundred day moving average price is $82.26.

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

Analysts Set New Price Targets

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

Liberty Broadband Company 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.