Vestor Capital LLC Cuts Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Vestor Capital LLC cut its stake in Liberty Broadband Co. (NASDAQ:LBRDK) by 40.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 512 shares of the company’s stock after selling 341 shares during the period. Vestor Capital LLC’s holdings in Liberty Broadband were worth $41,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wahed Invest LLC boosted its position in Liberty Broadband by 9.4% during the third quarter. Wahed Invest LLC now owns 1,835 shares of the company’s stock valued at $168,000 after buying an additional 157 shares during the period. Resonant Capital Advisors LLC boosted its position in Liberty Broadband by 3.4% during the third quarter. Resonant Capital Advisors LLC now owns 5,254 shares of the company’s stock valued at $480,000 after buying an additional 174 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Liberty Broadband by 2.8% during the third quarter. Daiwa Securities Group Inc. now owns 7,245 shares of the company’s stock worth $662,000 after purchasing an additional 200 shares during the period. Treasurer of the State of North Carolina boosted its holdings in shares of Liberty Broadband by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 52,654 shares of the company’s stock worth $4,808,000 after purchasing an additional 230 shares during the period. Finally, Arizona State Retirement System boosted its holdings in shares of Liberty Broadband by 0.8% during the fourth quarter. Arizona State Retirement System now owns 32,887 shares of the company’s stock worth $2,650,000 after purchasing an additional 246 shares during the period. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Citigroup dropped their target price on shares of Liberty Broadband from $108.00 to $83.00 and set a “buy” rating for the company in a report on Wednesday, February 7th.

Liberty Broadband Trading Down 2.6 %

LBRDK stock traded down $1.38 during trading on Thursday, reaching $51.48. The company had a trading volume of 1,251,888 shares, compared to its average volume of 1,285,042. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $95.68. The company has a market cap of $7.36 billion, a P/E ratio of 11.02 and a beta of 0.97. The business has a 50 day moving average of $53.60 and a 200 day moving average of $68.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.42 and a quick ratio of 2.42.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings results on Friday, February 16th. The company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.62 by ($1.23). Liberty Broadband had a return on equity of 7.76% and a net margin of 70.13%. The company had revenue of $250.00 million during the quarter, compared to the consensus estimate of $227.82 million. As a group, sell-side analysts forecast that Liberty Broadband Co. will post 10.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Liberty Broadband

In other Liberty Broadband news, Director J David Wargo sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $51.43, for a total transaction of $514,300.00. Following the completion of the transaction, the director now owns 87,332 shares of the company’s stock, valued at $4,491,484.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders sold 45,000 shares of company stock valued at $2,435,830. Corporate insiders own 10.80% of the company’s stock.

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.