Twin Capital Management Inc. Sells 230 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Twin Capital Management Inc. reduced its position in Liberty Broadband Co. (NASDAQ:LBRDK) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,482 shares of the company’s stock after selling 230 shares during the period. Twin Capital Management Inc.’s holdings in Liberty Broadband were worth $925,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. OFI Invest Asset Management bought a new position in Liberty Broadband during the 3rd quarter valued at $26,000. State of Wyoming lifted its stake in Liberty Broadband by 33.7% during the 2nd quarter. State of Wyoming now owns 472 shares of the company’s stock valued at $38,000 after acquiring an additional 119 shares in the last quarter. Milestone Investment Advisors LLC bought a new position in Liberty Broadband during the 1st quarter valued at $51,000. UniSuper Management Pty Ltd bought a new position in Liberty Broadband during the 2nd quarter valued at $72,000. Finally, Bessemer Group Inc. lifted its stake in Liberty Broadband by 423.4% during the 4th quarter. Bessemer Group Inc. now owns 1,230 shares of the company’s stock valued at $93,000 after acquiring an additional 995 shares in the last quarter. 80.22% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director J David Wargo sold 11,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $57.33, for a total transaction of $630,630.00. Following the completion of the sale, the director now directly owns 106,332 shares of the company’s stock, valued at approximately $6,096,013.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold a total of 45,000 shares of company stock valued at $2,435,830 in the last ninety days. 10.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Citigroup dropped their price objective on Liberty Broadband from $108.00 to $83.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th.

Liberty Broadband Trading Up 1.3 %

Shares of Liberty Broadband stock opened at $48.86 on Friday. Liberty Broadband Co. has a 1 year low of $47.87 and a 1 year high of $95.68. The firm has a market cap of $6.98 billion, a PE ratio of 10.46 and a beta of 0.95. The stock has a fifty day moving average price of $56.53 and a 200-day moving average price of $72.73. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.42 and a quick ratio of 2.42.

Liberty Broadband (NASDAQ:LBRDK) last announced its earnings results on Friday, February 16th. The company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($1.23). Liberty Broadband had a net margin of 70.13% and a return on equity of 7.76%. The business had revenue of $250.00 million for the quarter, compared to analysts’ expectations of $227.82 million. Equities research analysts anticipate that Liberty Broadband Co. will post 10.14 EPS for the current year.

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.