Rhumbline Advisers Sells 5,111 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Rhumbline Advisers lowered its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 3.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,747 shares of the company’s stock after selling 5,111 shares during the quarter. Rhumbline Advisers owned about 0.09% of Liberty Broadband worth $10,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in LBRDK. Smartleaf Asset Management LLC boosted its holdings in 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 acquiring an additional 154 shares in the last quarter. Blue Trust Inc. boosted its holdings in Liberty Broadband by 134.3% in the fourth quarter. Blue Trust Inc. now owns 464 shares of the company’s stock worth $36,000 after acquiring an additional 266 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Liberty Broadband by 138.0% in the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock worth $36,000 after purchasing an additional 283 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in Liberty Broadband in the 4th quarter worth approximately $36,000. Finally, Farther Finance Advisors LLC grew its position in Liberty Broadband by 327.4% during the 4th quarter. Farther Finance Advisors LLC now owns 530 shares of the company’s stock worth $40,000 after purchasing an additional 406 shares during the last quarter. Institutional investors own 80.22% of the company’s stock.

Liberty Broadband Stock Down 0.6%

Shares of LBRDK stock opened at $93.63 on Tuesday. Liberty Broadband Co. has a fifty-two week low of $49.38 and a fifty-two week high of $104.00. The firm has a market capitalization of $13.42 billion, a PE ratio of 17.24 and a beta of 1.00. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The stock’s 50-day simple moving average is $88.05 and its 200-day simple moving average is $83.19.

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

Analysts Set New Price Targets

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

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.