1 week Ago By Defense World Staff
Prudential Financial Inc. cut its position in Liberty Broadband Co. (NASDAQ:LBRDK – Free Report) by 61.
7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,226 shares of the company’s stock after selling 8,430 shares during the period. Prudential Financial Inc.
’s holdings in Liberty Broadband were worth $391,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also recently made changes to their positions in LBRDK. Groupama Asset Managment purchased a new position in Liberty Broadband in the third quarter worth about $25,000.
Quarry LP bought a new position in shares of Liberty Broadband in the 3rd quarter worth approximately $28,000. Smartleaf Asset Management LLC boosted its holdings in shares of Liberty Broadband by 61.1% in the fourth quarter.
Smartleaf Asset Management LLC now owns 406 shares of the company’s stock worth $30,000 after buying an additional 154 shares during the last quarter. Blue Trust Inc. grew its position in Liberty Broadband by 134.
3% during the fourth quarter. Blue Trust Inc. now owns 464 shares of the company’s stock valued at $36,000 after buying an additional 266 shares during the period.
Finally, Jones Financial Companies Lllp increased its holdings in Liberty Broadband by 138.0% during the fourth quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock valued at $36,000 after buying an additional 283 shares during the last quarter.
Institutional investors own 80.22% of the company’s stock. Liberty Broadband Trading Up 8.
3 %Shares of NASDAQ:LBRDK opened at $79.77 on Thursday. Liberty Broadband Co.
has a 12-month low of $46.46 and a 12-month high of $101.50.
The company has a market cap of $11.43 billion, a PE ratio of 14.69 and a beta of 1.
03. The stock has a 50 day moving average of $81.62 and a 200 day moving average of $81.
44. The company has a current ratio of 2.07, a quick ratio of 2.
07 and a debt-to-equity ratio of 0.40. Liberty Broadband (NASDAQ:LBRDK – Get Free Report) last announced its quarterly earnings data on Thursday, February 27th.
The company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.67 by ($1.
63). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.
07%. The firm had revenue of $253.00 million during the quarter, compared to analysts’ expectations of $252.
50 million. As a group, equities research analysts expect that Liberty Broadband Co. will post 7.
71 EPS for the current year. Wall Street Analysts Forecast GrowthSeparately, StockNews.com started coverage on Liberty Broadband in a research note on Sunday.
They issued a “sell” rating for the company.Get Our Latest Stock Analysis on LBRDKLiberty Broadband Company 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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