Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Chemistry Wealth Management LLC

Chemistry Wealth Management LLC lessened its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 6.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 14,126 shares of the company’s stock after selling 971 shares during the period. Chemistry Wealth Management LLC’s holdings in Liberty Broadband were worth $1,201,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its holdings in Liberty Broadband by 61.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock valued at $30,000 after purchasing an additional 154 shares in the last quarter. Blue Trust Inc. lifted its holdings in Liberty Broadband by 134.3% during the fourth quarter. Blue Trust Inc. now owns 464 shares of the company’s stock valued at $36,000 after purchasing an additional 266 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Liberty Broadband by 138.0% in the fourth quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock worth $36,000 after buying an additional 283 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in shares of Liberty Broadband in the fourth quarter worth about $36,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Liberty Broadband by 327.4% in the fourth quarter. Farther Finance Advisors LLC now owns 530 shares of the company’s stock worth $40,000 after buying an additional 406 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Liberty Broadband Stock Performance

NASDAQ:LBRDK opened at $94.16 on Friday. The company’s 50-day moving average price is $87.93 and its 200-day moving average price is $83.20. 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 $13.50 billion, a P/E ratio of 17.34 and a beta of 1.00. Liberty Broadband Co. has a twelve month low of $49.38 and a twelve month high of $104.00.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter. The firm had revenue of $256.00 million for the quarter. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. On average, sell-side analysts forecast that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen started coverage on shares of Liberty Broadband in a research note on Friday, May 16th. They issued a “sell” rating on the stock.

Liberty Broadband 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.