Korea Investment CORP Sells 56,566 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Korea Investment CORP cut its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 55.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 45,967 shares of the company’s stock after selling 56,566 shares during the quarter. Korea Investment CORP’s holdings in Liberty Broadband were worth $3,436,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Liberty Broadband by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company’s stock valued at $827,176,000 after purchasing an additional 95,599 shares during the period. Barclays PLC increased its holdings in Liberty Broadband by 6.4% during the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after buying an additional 415,496 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Liberty Broadband by 23.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company’s stock worth $268,045,000 after buying an additional 686,089 shares during the last quarter. Geode Capital Management LLC raised its position in Liberty Broadband by 1.6% in the third quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company’s stock worth $155,736,000 after acquiring an additional 31,484 shares during the period. Finally, Madison Investment Advisors LLC purchased a new position in Liberty Broadband in the fourth quarter valued at about $122,714,000. 80.22% of the stock is owned by institutional investors.

Liberty Broadband Stock Up 0.6 %

LBRDK stock opened at $85.53 on Wednesday. The stock has a fifty day moving average of $81.60 and a 200-day moving average of $80.73. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. The company has a market capitalization of $12.25 billion, a price-to-earnings ratio of 15.75 and a beta of 1.06. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDK) last posted its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $3.67 by ($1.63). The business had revenue of $253.00 million during the quarter, compared to analysts’ expectations of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. As a group, equities research analysts predict that Liberty Broadband Co. will post 7.71 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Liberty Broadband in a report on Saturday. They issued 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.