M&T Bank Corp Sells 1,655 Shares of Liberty Broadband Corporation (NASDAQ:LBRDK)

M&T Bank Corp decreased its position in Liberty Broadband Corporation (NASDAQ:LBRDK) by 20.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,332 shares of the company’s stock after selling 1,655 shares during the quarter. M&T Bank Corp’s holdings in Liberty Broadband were worth $539,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Lee Danner & Bass Inc. acquired a new stake in shares of Liberty Broadband in the 4th quarter valued at $36,000. Jones Financial Companies Lllp raised its holdings in shares of Liberty Broadband by 138.0% in the fourth quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock valued at $36,000 after buying an additional 283 shares during the last quarter. Farther Finance Advisors LLC raised its holdings 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. Continuum Advisory LLC bought a new stake in Liberty Broadband during the 1st quarter worth about $58,000. Finally, Quarry LP raised its holdings in Liberty Broadband by 131.6% during the 4th quarter. Quarry LP now owns 836 shares of the company’s stock worth $62,000 after purchasing an additional 475 shares during the last quarter. Institutional investors own 80.22% of the company’s stock.

Analyst Upgrades and Downgrades

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

Liberty Broadband Trading Down 9.2%

Shares of NASDAQ:LBRDK opened at $87.72 on Wednesday. The stock has a market capitalization of $12.57 billion, a price-to-earnings ratio of 14.01 and a beta of 1.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.39. The stock’s 50-day simple moving average is $95.27 and its two-hundred day simple moving average is $85.63. Liberty Broadband Corporation has a 52-week low of $54.71 and a 52-week high of $104.00.

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

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.