PYA Waltman Capital LLC Sells 35,370 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

PYA Waltman Capital LLC decreased its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 46.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,743 shares of the company’s stock after selling 35,370 shares during the period. Liberty Broadband accounts for 1.4% of PYA Waltman Capital LLC’s investment portfolio, making the stock its 19th biggest holding. PYA Waltman Capital LLC’s holdings in Liberty Broadband were worth $3,284,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. OFI Invest Asset Management bought a new position in Liberty Broadband during the third quarter worth $26,000. Milestone Investment Advisors LLC acquired a new position in shares of Liberty Broadband during the third quarter valued at about $57,000. CoreFirst Bank & Trust acquired a new position in shares of Liberty Broadband during the third quarter valued at about $100,000. Van ECK Associates Corp lifted its stake in shares of Liberty Broadband by 40.1% in the fourth quarter. Van ECK Associates Corp now owns 1,318 shares of the company’s stock valued at $106,000 after buying an additional 377 shares during the period. Finally, Ulland Investment Advisors LLC grew its position in Liberty Broadband by 34.6% during the fourth quarter. Ulland Investment Advisors LLC now owns 1,810 shares of the company’s stock worth $146,000 after buying an additional 465 shares in the last quarter. 80.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Citigroup reduced their target price on Liberty Broadband from $108.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th.

Insider Activity at Liberty Broadband

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

Liberty Broadband Stock Up 0.6 %

Shares of NASDAQ LBRDK traded up $0.32 during mid-day trading on Wednesday, reaching $50.05. 162,506 shares of the company’s stock were exchanged, compared to its average volume of 1,273,573. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $95.68. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 10.65 and a beta of 0.95. The business has a fifty day simple moving average of $54.80 and a 200 day simple moving average of $70.15.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings data 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 return on equity of 7.76% and a net margin of 70.13%. The company had revenue of $250.00 million for the quarter, compared to the consensus estimate of $227.82 million. As a group, equities analysts expect that Liberty Broadband Co. will post 10.14 EPS for the current fiscal 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.