United Capital Financial Advisors LLC Sells 168 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

United Capital Financial Advisors LLC cut its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,885 shares of the company’s stock after selling 168 shares during the period. United Capital Financial Advisors LLC’s holdings in Liberty Broadband were worth $365,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Liberty Broadband by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company’s stock worth $827,176,000 after purchasing an additional 95,599 shares during the period. Barclays PLC lifted 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 valued at $533,251,000 after buying an additional 415,496 shares in the last quarter. Assenagon Asset Management S.A. grew 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 valued at $268,045,000 after acquiring an additional 686,089 shares during the period. Finepoint Capital LP raised its position in Liberty Broadband by 1.1% during 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. Finally, Madison Investment Advisors LLC purchased a new position in Liberty Broadband during the fourth quarter valued at $122,714,000. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a research note on Tuesday. They set a “sell” rating on the stock.

Liberty Broadband Price Performance

NASDAQ:LBRDK opened at $74.70 on Tuesday. The stock’s fifty day moving average is $81.58 and its two-hundred day moving average is $81.48. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $10.70 billion, a P/E ratio of 13.76 and a beta of 1.03. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings results on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $3.67 by ($1.63). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $253.00 million for the quarter, compared to analyst estimates of $252.50 million. Equities analysts expect that Liberty Broadband Co. will post 7.71 EPS for the current year.

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.