Envestnet Asset Management Inc. Cuts Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

Envestnet Asset Management Inc. lessened its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 5.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 142,213 shares of the company’s stock after selling 8,261 shares during the quarter. Envestnet Asset Management Inc. owned 0.10% of Liberty Broadband worth $10,632,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in shares of Liberty Broadband by 61.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock worth $30,000 after buying an additional 154 shares during the period. Blue Trust Inc. increased its position in shares of Liberty Broadband by 134.3% in the fourth quarter. Blue Trust Inc. now owns 464 shares of the company’s stock valued at $36,000 after acquiring an additional 266 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Liberty Broadband by 138.0% during the fourth quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock valued at $36,000 after acquiring an additional 283 shares during the last quarter. Lee Danner & Bass Inc. purchased a new stake in shares of Liberty Broadband during the fourth quarter worth about $36,000. Finally, R Squared Ltd purchased a new stake in shares of Liberty Broadband during the fourth quarter worth about $37,000. 80.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Liberty Broadband in a research report on Monday, April 14th. They set a “sell” rating for the company.

Liberty Broadband Stock Performance

NASDAQ:LBRDK opened at $78.22 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $101.50. The stock has a market cap of $11.21 billion, a P/E ratio of 14.41 and a beta of 1.03. The firm’s fifty day simple moving average is $81.68 and its 200 day simple moving average is $81.46.

Liberty Broadband (NASDAQ:LBRDK) last announced its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $3.67 by ($1.63). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The company had revenue of $253.00 million for the quarter, compared to the consensus estimate of $252.50 million. As a group, research analysts predict that Liberty Broadband Co. will post 7.71 EPS for the current year.

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.