Thompson Siegel & Walmsley LLC Sells 358,116 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Thompson Siegel & Walmsley LLC lessened its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 26.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 989,590 shares of the company’s stock after selling 358,116 shares during the quarter. Liberty Broadband accounts for approximately 1.1% of Thompson Siegel & Walmsley LLC’s investment portfolio, making the stock its 22nd biggest position. Thompson Siegel & Walmsley LLC’s holdings in Liberty Broadband were worth $73,982,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vestcor Inc bought a new stake in Liberty Broadband during the fourth quarter worth about $213,000. Swiss National Bank lifted its position in Liberty Broadband by 0.7% during the fourth quarter. Swiss National Bank now owns 229,068 shares of the company’s stock worth $17,125,000 after purchasing an additional 1,600 shares during the period. Farther Finance Advisors LLC lifted its position in Liberty Broadband by 327.4% during the fourth quarter. Farther Finance Advisors LLC now owns 530 shares of the company’s stock worth $40,000 after purchasing an additional 406 shares during the period. Sequoia Financial Advisors LLC lifted its position in Liberty Broadband by 2.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 11,416 shares of the company’s stock worth $853,000 after purchasing an additional 280 shares during the period. Finally, HighTower Advisors LLC lifted its position in Liberty Broadband by 24.5% during the fourth quarter. HighTower Advisors LLC now owns 9,643 shares of the company’s stock worth $721,000 after purchasing an additional 1,896 shares during the period. Institutional investors own 80.22% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Liberty Broadband in a research note on Thursday. They set a “sell” rating for the company.

Liberty Broadband Stock Down 1.1 %

Shares of NASDAQ LBRDK opened at $80.27 on Thursday. 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 company has a market cap of $11.50 billion, a price-to-earnings ratio of 14.78 and a beta of 1.06. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50. The stock has a 50-day moving average price of $79.31 and a two-hundred day moving average price of $78.39.

Liberty Broadband (NASDAQ:LBRDK) last issued its earnings results 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 return on equity of 8.45% and a net margin of 78.07%. The business had revenue of $253.00 million for the quarter, compared to analyst estimates of $252.50 million. As a group, analysts forecast that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Insider Activity

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the completion of the sale, the chief executive officer now owns 1,435,256 shares of the company’s stock, valued at approximately $114,447,313.44. This represents a 8.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 10.80% of the stock is currently owned by insiders.

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.