Liberty Broadband Corporation (NASDAQ:LBRDK) Stock Position Trimmed by Cerity Partners LLC

Cerity Partners LLC trimmed its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 10.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,400 shares of the company’s stock after selling 712 shares during the period. Cerity Partners LLC’s holdings in Liberty Broadband were worth $544,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LBRDK. Continuum Advisory LLC bought a new stake in shares of Liberty Broadband during the first quarter valued at about $58,000. Quarry LP increased its stake in Liberty Broadband by 131.6% during the 4th quarter. Quarry LP now owns 836 shares of the company’s stock valued at $62,000 after buying an additional 475 shares during the period. Versant Capital Management Inc raised its position in shares of Liberty Broadband by 171.6% during the 1st quarter. Versant Capital Management Inc now owns 1,657 shares of the company’s stock worth $141,000 after buying an additional 1,047 shares in the last quarter. Gateway Investment Advisers LLC bought a new stake in shares of Liberty Broadband during the 1st quarter worth about $216,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Liberty Broadband in the 4th quarter worth approximately $221,000. Institutional investors own 80.22% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Liberty Broadband to a “hold” rating in a research report on Saturday, July 12th.

Liberty Broadband Stock Down 19.1%

Liberty Broadband stock opened at $70.22 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35. Liberty Broadband Corporation has a 1-year low of $58.35 and a 1-year high of $104.00. The firm’s fifty day simple moving average is $93.79 and its 200-day simple moving average is $86.14. The company has a market capitalization of $10.06 billion, a P/E ratio of 11.22 and a beta of 1.01.

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