Royal London Asset Management Ltd. Sells 634 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Royal London Asset Management Ltd. lowered its position in Liberty Broadband Co. (NASDAQ:LBRDKFree Report) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,353 shares of the company’s stock after selling 634 shares during the period. Royal London Asset Management Ltd.’s holdings in Liberty Broadband were worth $3,333,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wahed Invest LLC boosted its position in Liberty Broadband by 9.4% in the third quarter. Wahed Invest LLC now owns 1,835 shares of the company’s stock valued at $168,000 after buying an additional 157 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Liberty Broadband by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 52,654 shares of the company’s stock valued at $4,808,000 after acquiring an additional 230 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Liberty Broadband by 0.8% in the fourth quarter. Arizona State Retirement System now owns 32,887 shares of the company’s stock worth $2,650,000 after acquiring an additional 246 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Liberty Broadband by 4.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 7,545 shares of the company’s stock worth $608,000 after purchasing an additional 300 shares during the last quarter. Finally, Alaska Permanent Fund Corp lifted its position in Liberty Broadband by 1.0% during the fourth quarter. Alaska Permanent Fund Corp now owns 31,914 shares of the company’s stock valued at $2,572,000 after purchasing an additional 314 shares during the period. 80.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Stock Performance

LBRDK stock traded down $0.63 during trading on Friday, hitting $50.22. 749,893 shares of the company traded hands, compared to its average volume of 1,417,654. Liberty Broadband Co. has a 1 year low of $46.46 and a 1 year high of $95.68. The company has a market cap of $7.17 billion, a PE ratio of 8.53 and a beta of 1.02. The stock’s 50-day simple moving average is $51.33 and its 200 day simple moving average is $62.61. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.81 and a quick ratio of 1.81.

Liberty Broadband (NASDAQ:LBRDKGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $1.69 EPS for the quarter, missing the consensus estimate of $2.38 by ($0.69). Liberty Broadband had a net margin of 87.75% and a return on equity of 9.55%. The firm had revenue of $245.00 million for the quarter, compared to analyst estimates of $244.41 million. On average, equities analysts expect that Liberty Broadband Co. will post 9.13 earnings per share for the current fiscal year.

Insider Activity

In other Liberty Broadband news, Director J David Wargo sold 15,000 shares of the company’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $51.98, for a total transaction of $779,700.00. Following the completion of the transaction, the director now directly owns 72,332 shares in the company, valued at $3,759,817.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 10.80% of the company’s stock.

Liberty Broadband Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Liberty Broadband (NASDAQ:LBRDK)

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