Liberty Broadband Corporation $LBRDK Stock Position Lowered by Strs Ohio

Strs Ohio decreased its position in Liberty Broadband Corporation (NASDAQ:LBRDK) by 86.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,677 shares of the company’s stock after selling 17,762 shares during the period. Strs Ohio’s holdings in Liberty Broadband were worth $170,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LBRDK. Parkside Financial Bank & Trust lifted its holdings in shares of Liberty Broadband by 195.1% in the second quarter. Parkside Financial Bank & Trust now owns 360 shares of the company’s stock valued at $35,000 after purchasing an additional 238 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Liberty Broadband by 1,054.1% during the second quarter. Assetmark Inc. now owns 427 shares of the company’s stock valued at $42,000 after buying an additional 390 shares in the last quarter. Mather Group LLC. acquired a new position in Liberty Broadband during the third quarter valued at $47,000. Quent Capital LLC acquired a new position in Liberty Broadband during the third quarter valued at $53,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Liberty Broadband by 59.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 733 shares of the company’s stock worth $72,000 after acquiring an additional 273 shares in the last quarter. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director J David Wargo sold 2,889 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $47.10, for a total transaction of $136,071.90. Following the transaction, the director owned 31,542 shares of the company’s stock, valued at approximately $1,485,628.20. This trade represents a 8.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 10.80% of the company’s stock.

Liberty Broadband Stock Performance

Shares of NASDAQ LBRDK opened at $49.51 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.24 and a quick ratio of 0.24. Liberty Broadband Corporation has a one year low of $42.10 and a one year high of $104.00. The business’s 50-day moving average price is $47.12 and its two-hundred day moving average price is $55.19. The company has a market capitalization of $7.10 billion, a P/E ratio of 8.97 and a beta of 0.99.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.57. The business had revenue of $257.00 million during the quarter, compared to analyst estimates of $267.70 million. Liberty Broadband had a return on equity of 12.23% and a net margin of 105.04%. Analysts anticipate that Liberty Broadband Corporation will post 7.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on LBRDK. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a research note on Monday, December 29th. Wall Street Zen cut shares of Liberty Broadband from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

About Liberty Broadband

Liberty Broadband Corporation is a publicly traded holding company that principally invests in broadband and cable businesses. Established in 2014 as a spin-off from Liberty Interactive Corporation, the company was designed to provide investors with targeted exposure to high-growth broadband assets. Headquartered in Englewood, Colorado, Liberty Broadband uses a tracking-stock structure to reflect the performance of its key investments rather than operating a stand-alone service business.

The company’s primary asset is its substantial equity interest in Charter Communications, one of the largest cable and broadband providers in the United States.