Liberty Broadband Corporation (NASDAQ:LBRDK) Stock Position Decreased by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 1.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 393,422 shares of the company’s stock after selling 7,442 shares during the period. Bank of New York Mellon Corp owned 0.27% of Liberty Broadband worth $33,461,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Liberty Broadband by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company’s stock valued at $827,176,000 after acquiring an additional 95,599 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Liberty Broadband by 125.6% during the 4th quarter. Deutsche Bank AG now owns 3,060,143 shares of the company’s stock valued at $228,776,000 after acquiring an additional 1,703,637 shares during the last quarter. Finepoint Capital LP increased its holdings in shares of Liberty Broadband by 1.1% during the 4th quarter. Finepoint Capital LP now owns 2,015,710 shares of the company’s stock valued at $150,694,000 after acquiring an additional 21,200 shares during the last quarter. Norges Bank acquired a new position in shares of Liberty Broadband during the 4th quarter valued at about $100,845,000. Finally, Makaira Partners LLC increased its holdings in shares of Liberty Broadband by 219.6% during the 4th quarter. Makaira Partners LLC now owns 1,244,270 shares of the company’s stock valued at $93,022,000 after acquiring an additional 854,954 shares during the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Trading Down 9.2%

Shares of LBRDK opened at $87.72 on Wednesday. The stock has a fifty day moving average price of $95.27 and a two-hundred day moving average price of $85.63. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.39. Liberty Broadband Corporation has a 52-week low of $54.71 and a 52-week high of $104.00. The company has a market cap of $12.57 billion, a price-to-earnings ratio of 14.01 and a beta of 1.01.

Liberty Broadband (NASDAQ:LBRDK) last released its earnings results on Wednesday, May 7th. The company reported $1.87 EPS for the quarter. The company had revenue of $256.00 million during the quarter. Liberty Broadband had a return on equity of 9.24% and a net margin of 88.10%. Analysts predict that Liberty Broadband Corporation will post 7.71 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen raised Liberty Broadband to a “hold” rating in a report on Saturday.

Liberty Broadband Company 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.