Long Path Partners LP Lowers Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Long Path Partners LP lowered its position in Liberty Broadband Co. (NASDAQ:LBRDK) by 82.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,930 shares of the company’s stock after selling 240,519 shares during the period. Liberty Broadband accounts for about 1.2% of Long Path Partners LP’s investment portfolio, making the stock its 11th largest holding. Long Path Partners LP’s holdings in Liberty Broadband were worth $3,733,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its stake in shares of Liberty Broadband by 0.5% during the third quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company’s stock valued at $2,101,000 after purchasing an additional 125 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Liberty Broadband by 61.1% in the 4th 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. CIBC Asset Management Inc grew its stake in shares of Liberty Broadband by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 3,757 shares of the company’s stock worth $281,000 after buying an additional 199 shares during the last quarter. Handelsbanken Fonder AB raised its stake in Liberty Broadband by 0.6% during the fourth quarter. Handelsbanken Fonder AB now owns 33,300 shares of the company’s stock valued at $2,490,000 after buying an additional 200 shares during the last quarter. Finally, Wealthspire Advisors LLC raised its stake in Liberty Broadband by 5.7% during the fourth quarter. Wealthspire Advisors LLC now owns 4,543 shares of the company’s stock valued at $340,000 after buying an additional 244 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Liberty Broadband Stock Up 2.4 %

Shares of Liberty Broadband stock opened at $87.57 on Thursday. The company has a 50-day simple moving average of $81.80 and a two-hundred day simple moving average of $80.78. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $101.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $12.55 billion, a PE ratio of 16.13 and a beta of 1.06.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.67 by ($1.63). The business had revenue of $253.00 million during the quarter, compared to the consensus estimate of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. On average, analysts anticipate that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Liberty Broadband in a research note on Saturday, March 29th. They issued a “sell” rating on the stock.

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.