2 weeks Ago By Defense World Staff
Commonwealth Equity Services LLC cut its stake in Liberty Broadband Co. (NASDAQ:LBRDK – Free Report) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The fund owned 21,930 shares of the company’s stock after selling 1,714 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Liberty Broadband were worth $1,639,000 as of its most recent filing with the Securities and Exchange Commission. Several other large investors also recently added to or reduced their stakes in the business.
The Manufacturers Life Insurance Company lifted its holdings in shares of Liberty Broadband by 0.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company’s stock worth $2,101,000 after acquiring an additional 125 shares during the period.
Smartleaf Asset Management LLC lifted its stake in shares of Liberty Broadband by 61.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock valued at $30,000 after acquiring an additional 154 shares during the period.
CIBC Asset Management Inc lifted its holdings in Liberty Broadband by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 3,757 shares of the company’s stock valued at $281,000 after buying an additional 199 shares during the period.
Handelsbanken Fonder AB grew its stake in shares of Liberty Broadband by 0.6% during the fourth quarter. Handelsbanken Fonder AB now owns 33,300 shares of the company’s stock worth $2,490,000 after purchasing an additional 200 shares during the period.
Finally, Wealthspire Advisors LLC increased its stake in shares of Liberty Broadband by 5.7% in the 4th quarter. Wealthspire Advisors LLC now owns 4,543 shares of the company’s stock valued at $340,000 after acquiring an additional 244 shares during the last quarter.
80.22% of the stock is owned by institutional investors. Liberty Broadband Stock Down 3.
4 %Shares of LBRDK opened at $85.13 on Friday. The firm’s 50 day moving average is $81.
25 and its 200-day moving average is $80.25. Liberty Broadband Co.
has a 12 month low of $46.46 and a 12 month high of $101.50.
The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.
40. The stock has a market capitalization of $12.20 billion, a PE ratio of 15.
68 and a beta of 1.06. Liberty Broadband (NASDAQ:LBRDK – Get Free Report) last issued its quarterly earnings data on Thursday, February 27th.
The company reported $2.04 EPS for the quarter, missing the consensus estimate of $3.67 by ($1.
63). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.
45%. The company had revenue of $253.00 million during the quarter, compared to the consensus estimate of $252.
50 million. Equities research analysts forecast that Liberty Broadband Co. will post 7.
71 EPS for the current year. Analyst Upgrades and DowngradesSeparately, StockNews.com began coverage on shares of Liberty Broadband in a report on Saturday.
They set a “sell” rating on the stock.Get Our Latest Stock Analysis on LBRDKLiberty Broadband Profile (Free Report)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.
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