Nuveen Asset Management LLC Sells 13,707 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Nuveen Asset Management LLC cut its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 211,238 shares of the company’s stock after selling 13,707 shares during the quarter. Nuveen Asset Management LLC owned about 0.15% of Liberty Broadband worth $15,792,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted 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 worth $30,000 after purchasing an additional 154 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Liberty Broadband by 134.3% during the fourth quarter. Blue Trust Inc. now owns 464 shares of the company’s stock worth $36,000 after acquiring an additional 266 shares during the period. Lee Danner & Bass Inc. acquired a new stake in shares of Liberty Broadband during the fourth quarter worth $36,000. Jones Financial Companies Lllp raised its holdings 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 worth $36,000 after acquiring an additional 283 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Liberty Broadband during the fourth quarter worth $37,000. 80.22% of the stock is owned by institutional investors.

Liberty Broadband Trading Down 0.8%

Shares of NASDAQ:LBRDK opened at $96.16 on Monday. Liberty Broadband Co. has a 12 month low of $49.38 and a 12 month high of $104.00. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The company’s fifty day simple moving average is $86.13 and its 200 day simple moving average is $82.93. The firm has a market cap of $13.78 billion, a price-to-earnings ratio of 17.71 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share (EPS) for the quarter. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $256.00 million for the quarter. As a group, research analysts forecast that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen began coverage on shares of Liberty Broadband in a report on Friday, May 16th. They set a “sell” rating on the stock.

About Liberty Broadband

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.