Quaker Capital Investments LLC Sells 89,059 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Quaker Capital Investments LLC cut its position in Liberty Broadband Co. (NASDAQ:LBRDK) by 21.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 322,556 shares of the company’s stock after selling 89,059 shares during the period. Liberty Broadband accounts for 9.0% of Quaker Capital Investments LLC’s investment portfolio, making the stock its 5th largest holding. Quaker Capital Investments LLC’s holdings in Liberty Broadband were worth $24,114,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC lifted its stake 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 purchasing an additional 415,496 shares during the last quarter. ABC Arbitrage SA purchased a new stake in shares of Liberty Broadband during the 4th quarter worth approximately $563,000. Wolverine Asset Management LLC boosted its holdings in shares of Liberty Broadband by 458.8% in the 4th quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company’s stock valued at $710,000 after buying an additional 7,799 shares in the last quarter. Everence Capital Management Inc. purchased a new position in shares of Liberty Broadband in the 4th quarter valued at $229,000. Finally, Investment Management Associates Inc. ADV raised its stake in Liberty Broadband by 2.1% during the 4th quarter. Investment Management Associates Inc. ADV now owns 223,440 shares of the company’s stock worth $16,704,000 after acquiring an additional 4,640 shares in the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Broadband Stock Down 0.2 %

LBRDK stock opened at $76.84 on Monday. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market cap of $11.01 billion, a price-to-earnings ratio of 14.15 and a beta of 1.03. The company has a fifty day moving average price of $81.66 and a 200 day moving average price of $81.50.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $3.67 by ($1.63). The firm had revenue of $253.00 million during the quarter, compared to analysts’ expectations of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. Sell-side analysts expect that Liberty Broadband Co. will post 7.71 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Liberty Broadband in a research note on Monday. They issued a “sell” rating for the company.

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.