Royal London Asset Management Ltd. Lowers Stock Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Royal London Asset Management Ltd. lowered its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDKFree Report) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,353 shares of the company’s stock after selling 634 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Liberty Broadband were worth $3,333,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in LBRDK. Norges Bank bought a new position in Liberty Broadband during the fourth quarter valued at about $104,363,000. Assenagon Asset Management S.A. grew its position in Liberty Broadband by 179.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,334,499 shares of the company’s stock valued at $107,547,000 after buying an additional 857,187 shares during the period. Aristeia Capital LLC boosted its position in Liberty Broadband by 6.0% during the third quarter. Aristeia Capital LLC now owns 6,435,596 shares of the company’s stock worth $587,699,000 after purchasing an additional 363,554 shares during the period. Finepoint Capital LP bought a new position in Liberty Broadband during the fourth quarter worth about $14,866,000. Finally, Thompson Siegel & Walmsley LLC boosted its position in Liberty Broadband by 13.5% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,349,659 shares of the company’s stock worth $108,768,000 after purchasing an additional 160,460 shares during the period. Institutional investors own 80.22% of the company’s stock.

Insider Activity

In other news, Director J David Wargo sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $51.98, for a total value of $779,700.00. Following the completion of the transaction, the director now directly owns 72,332 shares in the company, valued at $3,759,817.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 10.80% of the stock is owned by company insiders.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $51.64 on Monday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $7.38 billion, a PE ratio of 8.77 and a beta of 1.02. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $95.68. The company has a 50-day moving average price of $51.57 and a two-hundred day moving average price of $63.60.

Liberty Broadband (NASDAQ:LBRDKGet Free Report) last issued its 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 business had revenue of $245.00 million for the quarter, compared to the consensus estimate of $244.41 million. Liberty Broadband had a return on equity of 9.55% and a net margin of 87.75%. Equities analysts forecast that Liberty Broadband Co. will post 9.13 EPS for the current year.

About Liberty Broadband

(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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