LMR Partners LLP Sells 112,400 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

LMR Partners LLP lessened its position in Liberty Broadband Co. (NASDAQ:LBRDK) by 89.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,052 shares of the company’s stock after selling 112,400 shares during the period. LMR Partners LLP’s holdings in Liberty Broadband were worth $976,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LBRDK. Vanguard Group Inc. raised its position in Liberty Broadband by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company’s stock worth $827,176,000 after acquiring an additional 95,599 shares during the period. Barclays PLC raised its position in Liberty Broadband by 6.4% in the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after acquiring an additional 415,496 shares during the period. Assenagon Asset Management S.A. raised its position in Liberty Broadband by 23.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company’s stock worth $268,045,000 after acquiring an additional 686,089 shares during the period. Deutsche Bank AG raised its position in Liberty Broadband by 125.6% in the fourth quarter. Deutsche Bank AG now owns 3,060,143 shares of the company’s stock worth $228,776,000 after acquiring an additional 1,703,637 shares during the period. Finally, Finepoint Capital LP raised its position in Liberty Broadband by 1.1% in the fourth quarter. Finepoint Capital LP now owns 2,015,710 shares of the company’s stock worth $150,694,000 after acquiring an additional 21,200 shares during the period. Institutional investors own 80.22% of the company’s stock.

Liberty Broadband Stock Performance

Shares of NASDAQ:LBRDK opened at $95.25 on Wednesday. Liberty Broadband Co. has a 52 week low of $49.38 and a 52 week high of $101.50. The stock has a market capitalization of $13.65 billion, a P/E ratio of 17.54 and a beta of 1.02. The firm has a fifty day simple moving average of $83.57 and a two-hundred day simple moving average of $82.44. 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 (NASDAQ:LBRDK) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 EPS for the quarter. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $256.00 million during the quarter. On average, analysts expect that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a research report on Thursday, May 8th. They issued 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.