Greenland Capital Management LP Sells 20,584 Shares of Liberty Broadband Corporation $LBRDK

Greenland Capital Management LP lessened its position in Liberty Broadband Corporation (NASDAQ:LBRDK) by 22.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 71,487 shares of the company’s stock after selling 20,584 shares during the quarter. Greenland Capital Management LP’s holdings in Liberty Broadband were worth $7,033,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Liberty Broadband by 11.6% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 10,405 shares of the company’s stock worth $1,024,000 after purchasing an additional 1,081 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Liberty Broadband in the 2nd quarter worth about $219,000. Creative Planning increased its stake in shares of Liberty Broadband by 7.3% in the 2nd quarter. Creative Planning now owns 12,198 shares of the company’s stock worth $1,200,000 after acquiring an additional 826 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its stake in shares of Liberty Broadband by 6.1% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 41,719 shares of the company’s stock worth $4,104,000 after acquiring an additional 2,403 shares in the last quarter. Finally, Boston Partners lifted its position in Liberty Broadband by 220.1% during the 2nd quarter. Boston Partners now owns 129,826 shares of the company’s stock valued at $12,766,000 after acquiring an additional 89,263 shares during the period. 80.22% of the stock is currently owned by institutional investors.

Liberty Broadband Price Performance

NASDAQ LBRDK opened at $46.37 on Wednesday. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 8.40 and a beta of 1.01. Liberty Broadband Corporation has a one year low of $46.08 and a one year high of $104.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a 50-day moving average of $57.44 and a 200 day moving average of $73.68.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings results on Wednesday, November 5th. The company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.20 by $0.57. The firm had revenue of $257.00 million during the quarter, compared to analyst estimates of $267.70 million. Liberty Broadband had a net margin of 105.04% and a return on equity of 12.23%. On average, sell-side analysts forecast that Liberty Broadband Corporation will post 7.71 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on LBRDK shares. Wall Street Zen lowered Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Weiss Ratings downgraded shares of Liberty Broadband from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Liberty Broadband currently has an average rating of “Sell”.

Liberty Broadband 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.