Symmetry Investments LP Trims Stock Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Symmetry Investments LP trimmed its holdings in Liberty Broadband Co. (NASDAQ:LBRDKGet Rating) by 60.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,000 shares of the company’s stock after selling 23,300 shares during the quarter. Symmetry Investments LP’s holdings in Liberty Broadband were worth $2,417,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Pinnacle Holdings LLC acquired a new position in Liberty Broadband in the 3rd quarter valued at $26,000. Northwest Investment Counselors LLC acquired a new position in Liberty Broadband in the 4th quarter valued at $34,000. Confluence Wealth Services Inc. acquired a new position in Liberty Broadband in the 4th quarter valued at $36,000. Dark Forest Capital Management LP acquired a new position in Liberty Broadband in the 3rd quarter valued at $47,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Liberty Broadband by 480.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 296 shares of the company’s stock worth $47,000 after purchasing an additional 245 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director J David Wargo acquired 300 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The stock was bought at an average cost of $110.76 per share, for a total transaction of $33,228.00. Following the acquisition, the director now directly owns 32,214 shares in the company, valued at $3,568,022.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.80% of the stock is owned by insiders.

Shares of NASDAQ LBRDK opened at $117.25 on Friday. The firm’s 50-day simple moving average is $131.64 and its 200 day simple moving average is $147.10. Liberty Broadband Co. has a fifty-two week low of $107.40 and a fifty-two week high of $194.05. The stock has a market cap of $19.68 billion, a P/E ratio of 21.44 and a beta of 1.02. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.42.

Liberty Broadband (NASDAQ:LBRDKGet Rating) last released its earnings results on Friday, February 25th. The company reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.47. Liberty Broadband had a net margin of 99.93% and a return on equity of 10.12%. The firm had revenue of $248.96 million during the quarter, compared to analyst estimates of $237.94 million. On average, sell-side analysts anticipate that Liberty Broadband Co. will post 7.15 earnings per share for the current fiscal year.

Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Liberty Broadband from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. StockNews.com lowered shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Tuesday. Rosenblatt Securities started coverage on shares of Liberty Broadband in a research report on Tuesday, April 19th. They issued a “buy” rating and a $222.00 price objective on the stock. Finally, TD Securities decreased their price objective on shares of Liberty Broadband from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, May 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Liberty Broadband currently has an average rating of “Buy” and an average price target of $205.43.

About Liberty Broadband (Get Rating)

Liberty Broadband Corporation engages in the communications businesses. It operates through GCI Holdings and Charter segments. The GCI Holdings segment provides a range of wireless, data, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions primarily in Alaska under the GCI brand.

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Institutional Ownership by Quarter for Liberty Broadband (NASDAQ:LBRDK)

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