Mercer Global Advisors Inc. ADV Cuts Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

Mercer Global Advisors Inc. ADV lowered its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK – Get Rating) by 19.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,573 shares of the company’s stock after selling 1,795 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Liberty Broadband were worth $578,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LBRDK. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Liberty Broadband by 0.7% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 18,375 shares of the company’s stock worth $1,356,000 after purchasing an additional 130 shares during the period. Captrust Financial Advisors increased its stake in Liberty Broadband by 3.3% during the 2nd quarter. Captrust Financial Advisors now owns 4,340 shares of the company’s stock worth $502,000 after buying an additional 139 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Liberty Broadband by 1.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 9,791 shares of the company’s stock worth $747,000 after buying an additional 158 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Liberty Broadband by 34.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 625 shares of the company’s stock worth $48,000 after buying an additional 160 shares in the last quarter. Finally, Commerce Bank increased its stake in Liberty Broadband by 1.7% during the 3rd quarter. Commerce Bank now owns 10,454 shares of the company’s stock worth $772,000 after buying an additional 174 shares in the last quarter. 76.81% of the stock is owned by institutional investors.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $77.54 on Monday. The firm has a market capitalization of $11.34 billion, a P/E ratio of 11.66 and a beta of 1.12. Liberty Broadband Co. has a 52 week low of $68.67 and a 52 week high of $126.62. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.44. The firm’s 50 day moving average is $78.98 and its two-hundred day moving average is $83.53.

Liberty Broadband (NASDAQ:LBRDK – Get Rating) last posted its quarterly earnings data on Tuesday, May 2nd. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($1.32). Liberty Broadband had a return on equity of 11.84% and a net margin of 104.48%. The firm had revenue of $246.00 million during the quarter, compared to analyst estimates of $243.00 million. Analysts anticipate that Liberty Broadband Co. will post 7.98 earnings per share for the current year.

Insider Activity

In related news, CAO Brian J. Wendling sold 6,419 shares of Liberty Broadband stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $77.59, for a total value of $498,050.21. Following the transaction, the chief accounting officer now owns 12,274 shares in the company, valued at approximately $952,339.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. TD Securities decreased their price objective on Liberty Broadband from $175.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday, February 21st. StockNews.com assumed coverage on shares of Liberty Broadband in a research report on Thursday. They issued a “sell” rating for the company. Citigroup raised their price objective on shares of Liberty Broadband from $111.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, March 3rd. Pivotal Research reduced their price target on shares of Liberty Broadband from $150.00 to $138.00 in a research report on Wednesday, May 3rd. Finally, Rosenblatt Securities dropped their price objective on shares of Liberty Broadband from $133.00 to $132.00 and set a “buy” rating for the company in a research note on Friday, February 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $127.60.

About Liberty Broadband

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Liberty Broadband Corp. operates as a holding company, which engages in the cable, broadband and mobile location technology businesses. It operates through its subsidiaries, Charter Communications, Inc and TruePosition, Inc The company was founded on March 28, 1991, and is headquartered in Englewood, CO.