Liberty Broadband Co. (NASDAQ:LBRDK) Stock Position Decreased by California State Teachers Retirement System

California State Teachers Retirement System lessened its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDKFree Report) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 174,062 shares of the company’s stock after selling 8,233 shares during the period. California State Teachers Retirement System owned 0.12% of Liberty Broadband worth $14,028,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. CoreFirst Bank & Trust bought a new stake in shares of Liberty Broadband during the 3rd quarter valued at about $100,000. Van ECK Associates Corp grew its position in Liberty Broadband by 40.1% in the 4th quarter. Van ECK Associates Corp now owns 1,318 shares of the company’s stock worth $106,000 after purchasing an additional 377 shares during the last quarter. Ulland Investment Advisors LLC grew its position in Liberty Broadband by 34.6% in the 4th quarter. Ulland Investment Advisors LLC now owns 1,810 shares of the company’s stock worth $146,000 after purchasing an additional 465 shares during the last quarter. Wahed Invest LLC grew its position in Liberty Broadband by 9.4% in the 3rd quarter. Wahed Invest LLC now owns 1,835 shares of the company’s stock worth $168,000 after purchasing an additional 157 shares during the last quarter. Finally, Teza Capital Management LLC bought a new position in Liberty Broadband in the 3rd quarter worth about $206,000. Institutional investors own 80.22% of the company’s stock.

Insider Transactions at Liberty Broadband

In related news, Director J David Wargo sold 15,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 72,332 shares of the company’s stock, valued at $3,759,817.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 10.80% of the company’s stock.

Liberty Broadband Price Performance

NASDAQ LBRDK opened at $51.64 on Friday. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $95.68. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 8.77 and a beta of 1.02. The company has a 50-day moving average price of $51.57 and a two-hundred day moving average price of $63.87.

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

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.

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

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