Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Sculptor Capital LP

Sculptor Capital LP cut its stake in Liberty Broadband Co. (NASDAQ:LBRDK) by 72.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 302,000 shares of the company’s stock after selling 804,119 shares during the period. Sculptor Capital LP owned approximately 0.21% of Liberty Broadband worth $22,578,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in Liberty Broadband by 61.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock worth $30,000 after purchasing an additional 154 shares during the period. Blue Trust Inc. lifted its holdings in shares of Liberty Broadband by 134.3% in the fourth quarter. Blue Trust Inc. now owns 464 shares of the company’s stock valued at $36,000 after buying an additional 266 shares during the period. Lee Danner & Bass Inc. acquired a new stake in shares of Liberty Broadband in the fourth quarter valued at $36,000. 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 valued at $36,000 after buying an additional 283 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Liberty Broadband during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 80.22% of the company’s stock.

Liberty Broadband Trading Up 4.1%

Liberty Broadband stock opened at $101.29 on Friday. The firm has a market cap of $14.51 billion, a price-to-earnings ratio of 18.65 and a beta of 1.02. Liberty Broadband Co. has a 1 year low of $49.38 and a 1 year high of $104.00. The firm’s 50 day moving average price is $84.41 and its two-hundred day moving average price is $82.79. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a report on Friday. They issued a “sell” rating for the company.

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.