Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC reduced its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 26.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 989,590 shares of the company’s stock after selling 358,116 shares during the period. Liberty Broadband comprises approximately 1.1% of Thompson Siegel & Walmsley LLC’s holdings, making the stock its 22nd biggest position. Thompson Siegel & Walmsley LLC owned 0.69% of Liberty Broadband worth $73,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of LBRDK. Barclays PLC raised its position in shares of Liberty Broadband by 6.4% during the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after buying an additional 415,496 shares in the last quarter. ABC Arbitrage SA purchased a new position in Liberty Broadband during the fourth quarter valued at approximately $563,000. Wolverine Asset Management LLC grew its position in Liberty Broadband by 458.8% during the fourth quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company’s stock valued at $710,000 after purchasing an additional 7,799 shares in the last quarter. Point72 Asset Management L.P. grew its position in Liberty Broadband by 54.8% during the third quarter. Point72 Asset Management L.P. now owns 294,641 shares of the company’s stock valued at $22,773,000 after purchasing an additional 104,272 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new stake in Liberty Broadband in the fourth quarter worth approximately $229,000. 80.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a research note on Thursday. They issued a “sell” rating for the company.

Insider Transactions at Liberty Broadband

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of Liberty Broadband stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total value of $9,967,500.00. Following the transaction, the chief executive officer now owns 1,435,256 shares of the company’s stock, valued at approximately $114,447,313.44. The trade was a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 10.80% of the stock is owned by corporate insiders.

Liberty Broadband Price Performance

Shares of Liberty Broadband stock opened at $80.27 on Thursday. The firm has a fifty day moving average price of $79.31 and a two-hundred day moving average price of $78.39. The company has a market cap of $11.50 billion, a PE ratio of 14.78 and a beta of 1.06. 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 current ratio of 2.07 and a quick ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDK) last announced its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (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%. Analysts expect that Liberty Broadband Co. will post 7.71 EPS for the current year.

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.