Seizert Capital Partners LLC Has $7.17 Million Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Seizert Capital Partners LLC cut its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 33.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 95,936 shares of the company’s stock after selling 47,832 shares during the quarter. Seizert Capital Partners LLC’s holdings in Liberty Broadband were worth $7,172,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Barclays PLC raised its stake in shares of Liberty Broadband by 6.4% in the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock valued at $533,251,000 after acquiring an additional 415,496 shares in the last quarter. ABC Arbitrage SA bought a new position in shares of Liberty Broadband in the fourth quarter valued at approximately $563,000. Wolverine Asset Management LLC lifted its stake in shares of Liberty Broadband by 458.8% in the fourth quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company’s stock worth $710,000 after buying an additional 7,799 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Liberty Broadband by 54.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 294,641 shares of the company’s stock worth $22,773,000 after buying an additional 104,272 shares during the period. Finally, International Assets Investment Management LLC grew its stake in Liberty Broadband by 9,029.0% in the 3rd quarter. International Assets Investment Management LLC now owns 12,598 shares of the company’s stock valued at $974,000 after buying an additional 12,460 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Gregory B. Maffei sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the sale, the chief executive officer now directly owns 1,435,256 shares in the company, valued at approximately $114,447,313.44. The trade was a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 10.80% of the stock is owned by company insiders.

Liberty Broadband Stock Performance

Shares of NASDAQ LBRDK opened at $83.86 on Wednesday. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The company has a market cap of $11.98 billion, a P/E ratio of 15.44 and a beta of 1.04. The business’s 50 day moving average is $78.25 and its two-hundred day moving average is $77.55.

Liberty Broadband (NASDAQ:LBRDK) last released 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). The company had revenue of $253.00 million for the quarter, compared to analyst estimates of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. On average, equities analysts expect that Liberty Broadband Co. will post 7.71 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Liberty Broadband in a research report on Wednesday. They set a “sell” rating for the company.

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.