Sendero Wealth Management LLC Reduces Stock Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Sendero Wealth Management LLC decreased its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 36.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,548 shares of the company’s stock after selling 5,399 shares during the quarter. Sendero Wealth Management LLC’s holdings in Liberty Broadband were worth $546,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC lifted its stake in Liberty Broadband by 423.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 978 shares of the company’s stock valued at $79,000 after buying an additional 791 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of Liberty Broadband during the third quarter valued at $100,000. Van ECK Associates Corp increased its position in Liberty Broadband by 40.1% during the 4th quarter. Van ECK Associates Corp now owns 1,318 shares of the company’s stock worth $106,000 after purchasing an additional 377 shares in the last quarter. Ulland Investment Advisors LLC raised its stake in Liberty Broadband by 34.6% in the 4th quarter. Ulland Investment Advisors LLC now owns 1,810 shares of the company’s stock valued at $146,000 after purchasing an additional 465 shares during the last quarter. Finally, Wahed Invest LLC raised its stake in Liberty Broadband by 9.4% in the 3rd quarter. Wahed Invest LLC now owns 1,835 shares of the company’s stock valued at $168,000 after purchasing an additional 157 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Liberty Broadband Trading Up 2.7 %

Shares of Liberty Broadband stock traded up $1.43 during mid-day trading on Friday, hitting $54.82. 2,111,323 shares of the stock were exchanged, compared to its average volume of 1,289,417. The stock has a market capitalization of $7.83 billion, a price-to-earnings ratio of 9.31 and a beta of 1.02. 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 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. The company has a 50-day simple moving average of $51.81 and a 200 day simple moving average of $60.85.

Liberty Broadband (NASDAQ:LBRDK) last announced its earnings results on Wednesday, May 8th. The company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.38 by ($0.69). The firm had revenue of $245.00 million for the quarter, compared to analyst estimates of $244.41 million. Liberty Broadband had a return on equity of 9.55% and a net margin of 87.75%. Research analysts forecast that Liberty Broadband Co. will post 9.13 EPS for the current year.

Insider Transactions at Liberty Broadband

In other Liberty Broadband news, Director J David Wargo sold 15,000 shares of Liberty Broadband stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $51.98, for a total value of $779,700.00. Following the completion of the sale, the director now owns 72,332 shares in the company, valued at approximately $3,759,817.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.80% of the company’s 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.