Captrust Financial Advisors Has $306,000 Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

Captrust Financial Advisors reduced its stake in Liberty Broadband Co. (NASDAQ:LBRDK) by 7.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,094 shares of the company’s stock after selling 323 shares during the period. Captrust Financial Advisors’ holdings in Liberty Broadband were worth $306,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Madison Investment Advisors LLC bought a new position in Liberty Broadband during the 4th quarter worth approximately $122,714,000. Norges Bank acquired a new position in shares of Liberty Broadband during the fourth quarter valued at about $100,845,000. Adage Capital Partners GP L.L.C. grew its holdings in shares of Liberty Broadband by 425.3% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,231,136 shares of the company’s stock valued at $92,040,000 after buying an additional 996,764 shares during the last quarter. Pentwater Capital Management LP boosted its holdings in Liberty Broadband by 454.0% during the fourth quarter. Pentwater Capital Management LP now owns 1,108,000 shares of the company’s stock worth $82,834,000 after purchasing an additional 908,000 shares during the last quarter. Finally, Makaira Partners LLC boosted its holdings in Liberty Broadband by 219.6% during the fourth quarter. Makaira Partners LLC now owns 1,244,270 shares of the company’s stock worth $93,022,000 after purchasing an additional 854,954 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Liberty Broadband in a report on Friday, May 16th. They set a “sell” rating on the stock.

Liberty Broadband Stock Performance

Shares of LBRDK stock opened at $100.33 on Wednesday. The firm’s 50 day moving average is $85.21 and its 200 day moving average is $82.99. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $14.38 billion, a P/E ratio of 18.48 and a beta of 1.02. Liberty Broadband Co. has a 12 month low of $49.38 and a 12 month high of $104.00.

Liberty Broadband (NASDAQ:LBRDK) last posted its earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter. The business had revenue of $256.00 million for the quarter. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. On average, sell-side analysts anticipate that Liberty Broadband Co. will post 7.71 earnings per share 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.