Highbridge Capital Management LLC Reduces Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Highbridge Capital Management LLC trimmed its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 55.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 356,177 shares of the company’s stock after selling 444,956 shares during the quarter. Highbridge Capital Management LLC owned about 0.25% of Liberty Broadband worth $26,628,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Liberty Broadband by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company’s stock worth $827,176,000 after acquiring an additional 95,599 shares during the period. Barclays PLC boosted its holdings in Liberty Broadband by 6.4% in the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after purchasing an additional 415,496 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Liberty Broadband by 23.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company’s stock worth $268,045,000 after purchasing an additional 686,089 shares during the period. Geode Capital Management LLC raised its stake in Liberty Broadband by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company’s stock valued at $155,736,000 after buying an additional 31,484 shares during the last quarter. Finally, Madison Investment Advisors LLC purchased a new stake in Liberty Broadband during the 4th quarter valued at $122,714,000. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Liberty Broadband in a report on Friday, March 21st. They issued a “sell” rating for the company.

Liberty Broadband Stock Performance

LBRDK opened at $88.12 on Friday. The company’s 50 day moving average is $81.08 and its 200 day moving average is $79.93. 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 $12.63 billion, a price-to-earnings ratio of 16.23 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.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share 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 analysts’ expectations of $252.50 million. On average, equities research analysts predict that Liberty Broadband Co. will post 7.71 EPS for the current year.

About Liberty Broadband

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.