Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 45.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,764 shares of the company’s stock after selling 3,945 shares during the period. Illinois Municipal Retirement Fund’s holdings in Liberty Broadband were worth $384,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC grew its stake in Liberty Broadband by 315.0% during the third quarter. Barclays PLC now owns 2,675,919 shares of the company’s stock worth $244,364,000 after buying an additional 2,031,168 shares during the period. UBS Group AG grew its stake in Liberty Broadband by 21.7% during the third quarter. UBS Group AG now owns 8,626,349 shares of the company’s stock worth $787,758,000 after buying an additional 1,536,718 shares during the period. Assenagon Asset Management S.A. grew its stake in Liberty Broadband by 179.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,334,499 shares of the company’s stock worth $107,547,000 after buying an additional 857,187 shares during the period. Aristeia Capital LLC grew its stake in Liberty Broadband by 6.0% during the third quarter. Aristeia Capital LLC now owns 6,435,596 shares of the company’s stock worth $587,699,000 after buying an additional 363,554 shares during the period. Finally, CQS US LLC boosted its stake in shares of Liberty Broadband by 52.2% in the third quarter. CQS US LLC now owns 573,265 shares of the company’s stock valued at $52,351,000 after purchasing an additional 196,525 shares during the period. Institutional investors and hedge funds own 80.22% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling at Liberty Broadband

In other Liberty Broadband news, Director J David Wargo sold 9,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $56.80, for a total transaction of $511,200.00. Following the transaction, the director now directly owns 97,332 shares in the company, valued at approximately $5,528,457.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 45,000 shares of company stock worth $2,435,830 in the last ninety days. 10.80% of the stock is owned by insiders.

Liberty Broadband Price Performance

Shares of LBRDK stock opened at $50.92 on Thursday. The company has a market capitalization of $7.28 billion, a PE ratio of 10.90 and a beta of 0.95. The firm has a fifty day simple moving average of $54.63 and a 200-day simple moving average of $70.02. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.42. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $95.68.

Liberty Broadband (NASDAQ:LBRDK) last announced its earnings results on Friday, February 16th. The company reported $1.39 earnings per share 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 firm had revenue of $250.00 million during the quarter, compared to analysts’ expectations of $227.82 million. Equities research analysts anticipate that Liberty Broadband Co. will post 10.14 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.