CIBC Asset Management Inc Sells 289 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

CIBC Asset Management Inc reduced its position in Liberty Broadband Co. (NASDAQ:LBRDKFree Report) by 7.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,850 shares of the company’s stock after selling 289 shares during the period. CIBC Asset Management Inc’s holdings in Liberty Broadband were worth $310,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Sequoia Financial Advisors LLC purchased a new stake in shares of Liberty Broadband during the third quarter worth $213,000. Charles Schwab Investment Management Inc. lifted its holdings in Liberty Broadband by 12.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 463,690 shares of the company’s stock worth $42,344,000 after purchasing an additional 51,233 shares in the last quarter. Pathstone Family Office LLC boosted its stake in Liberty Broadband by 6.4% in the 3rd quarter. Pathstone Family Office LLC now owns 14,963 shares of the company’s stock worth $1,366,000 after purchasing an additional 906 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Liberty Broadband by 3.4% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 73,049 shares of the company’s stock valued at $6,671,000 after buying an additional 2,420 shares in the last quarter. Finally, Korea Investment CORP increased its position in shares of Liberty Broadband by 10.1% during the third quarter. Korea Investment CORP now owns 155,682 shares of the company’s stock valued at $14,217,000 after buying an additional 14,278 shares during the period. 80.22% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Liberty Broadband news, Director J David Wargo sold 10,000 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $51.43, for a total value of $514,300.00. Following the sale, the director now owns 87,332 shares of the company’s stock, valued at approximately $4,491,484.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 10.80% of the stock is currently owned by company insiders.

Liberty Broadband Trading Down 0.8 %

Shares of Liberty Broadband stock opened at $51.24 on Tuesday. The company’s 50-day moving average price is $51.48 and its 200-day moving average price is $63.37. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 8.70 and a beta of 1.02. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month 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.

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

Liberty Broadband 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.

See Also

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

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