Cerity Partners LLC Sells 245 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Cerity Partners LLC lessened its stake in Liberty Broadband Co. (NASDAQ:LBRDK) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,112 shares of the company’s stock after selling 245 shares during the quarter. Cerity Partners LLC’s holdings in Liberty Broadband were worth $535,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in shares of Liberty Broadband by 61.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock valued at $30,000 after acquiring an additional 154 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Liberty Broadband by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 3,757 shares of the company’s stock valued at $281,000 after purchasing an additional 199 shares during the last quarter. Handelsbanken Fonder AB raised its stake in shares of Liberty Broadband by 0.6% during the 4th quarter. Handelsbanken Fonder AB now owns 33,300 shares of the company’s stock worth $2,490,000 after purchasing an additional 200 shares during the period. Wealthspire Advisors LLC boosted its holdings in shares of Liberty Broadband by 5.7% in the 4th quarter. Wealthspire Advisors LLC now owns 4,543 shares of the company’s stock worth $340,000 after buying an additional 244 shares during the last quarter. Finally, Arizona State Retirement System grew its position in Liberty Broadband by 0.8% during the fourth quarter. Arizona State Retirement System now owns 33,799 shares of the company’s stock valued at $2,527,000 after buying an additional 265 shares during the period. Institutional investors own 80.22% of the company’s stock.

Liberty Broadband Stock Performance

Shares of LBRDK opened at $74.70 on Tuesday. Liberty Broadband Co. has a 1 year low of $46.46 and a 1 year high of $101.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The stock’s fifty day moving average price is $81.58 and its two-hundred day moving average price is $81.48. The firm has a market cap of $10.70 billion, a PE ratio of 13.76 and a beta of 1.03.

Liberty Broadband (NASDAQ:LBRDK) last issued 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). The business had revenue of $253.00 million for the quarter, compared to the consensus estimate of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. On average, equities research analysts forecast that Liberty Broadband Co. will post 7.71 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a research note on Tuesday. They issued a “sell” rating on the stock.

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.