Trust Co. of Vermont Lowers Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Trust Co. of Vermont reduced its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 5.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,750 shares of the company’s stock after selling 292 shares during the period. Trust Co. of Vermont’s holdings in Liberty Broadband were worth $260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Liberty Broadband by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 11,213,505 shares of the company’s stock worth $903,696,000 after acquiring an additional 243,156 shares during the period. Whitebox Advisors LLC lifted its position in shares of Liberty Broadband by 17.9% in the first quarter. Whitebox Advisors LLC now owns 2,300,322 shares of the company’s stock valued at $131,647,000 after acquiring an additional 349,400 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its position in shares of Liberty Broadband by 13.5% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,349,659 shares of the company’s stock valued at $108,768,000 after acquiring an additional 160,460 shares in the last quarter. Norges Bank purchased a new position in shares of Liberty Broadband in the fourth quarter valued at approximately $104,363,000. Finally, Highbridge Capital Management LLC lifted its position in Liberty Broadband by 6.5% during the fourth quarter. Highbridge Capital Management LLC now owns 917,547 shares of the company’s stock worth $73,945,000 after buying an additional 56,057 shares in the last quarter. 80.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised their target price on Liberty Broadband from $62.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Friday, July 19th.

Liberty Broadband Stock Performance

Liberty Broadband stock traded up $1.34 during mid-day trading on Wednesday, reaching $65.31. 243,309 shares of the company were exchanged, compared to its average volume of 1,208,713. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $95.68. The firm’s 50-day simple moving average is $55.50 and its two-hundred day simple moving average is $56.88. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a market cap of $9.33 billion, a PE ratio of 10.86 and a beta of 1.01.

Liberty Broadband (NASDAQ:LBRDK) last issued 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 business had revenue of $245.00 million for the quarter, compared to analysts’ expectations of $244.41 million. Liberty Broadband had a return on equity of 9.55% and a net margin of 87.75%. Equities analysts predict that Liberty Broadband Co. will post 9.05 earnings per share for the current fiscal year.

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.