Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its stake in Liberty Broadband Co. (NASDAQ:LBRDK) by 24.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,801 shares of the company’s stock after selling 4,680 shares during the period. Handelsbanken Fonder AB’s holdings in Liberty Broadband were worth $1,193,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of LBRDK. OFI Invest Asset Management purchased a new stake in shares of Liberty Broadband during the 3rd quarter valued at about $26,000. Milestone Investment Advisors LLC purchased a new stake in shares of Liberty Broadband during the third quarter valued at approximately $57,000. CoreFirst Bank & Trust acquired a new position in shares of Liberty Broadband during the third quarter worth $100,000. Ulland Investment Advisors LLC boosted its stake in shares of Liberty Broadband by 34.6% in the fourth quarter. Ulland Investment Advisors LLC now owns 1,810 shares of the company’s stock valued at $146,000 after purchasing an additional 465 shares during the period. Finally, Wahed Invest LLC grew its holdings in Liberty Broadband by 9.4% during the 3rd quarter. Wahed Invest LLC now owns 1,835 shares of the company’s stock valued at $168,000 after purchasing an additional 157 shares in the last quarter. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut their price objective on shares of Liberty Broadband from $108.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th.

Liberty Broadband Price Performance

LBRDK stock opened at $49.25 on Monday. The stock’s 50 day moving average is $55.23 and its two-hundred day moving average is $70.75. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $95.68. The company has a market capitalization of $7.04 billion, a PE ratio of 10.55 and a beta of 0.95. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.42.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings results on Friday, February 16th. The company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.62 by ($1.23). Liberty Broadband had a return on equity of 7.76% and a net margin of 70.13%. The company had revenue of $250.00 million during the quarter, compared to the consensus estimate of $227.82 million. Analysts predict that Liberty Broadband Co. will post 10.14 earnings per share for the current fiscal year.

Insider Activity

In related news, Director J David Wargo sold 11,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $57.33, for a total value of $630,630.00. Following the completion of the sale, the director now directly owns 106,332 shares of the company’s stock, valued at $6,096,013.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 45,000 shares of company stock worth $2,435,830. 10.80% of the stock is currently owned by corporate insiders.

Liberty Broadband 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.