Envestnet Asset Management Inc. Sells 8,261 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Envestnet Asset Management Inc. trimmed its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,213 shares of the company’s stock after selling 8,261 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Liberty Broadband were worth $10,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in Liberty Broadband by 61.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock worth $30,000 after purchasing an additional 154 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Liberty Broadband by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 3,757 shares of the company’s stock valued at $281,000 after acquiring an additional 199 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in Liberty Broadband by 0.6% in the 4th quarter. Handelsbanken Fonder AB now owns 33,300 shares of the company’s stock worth $2,490,000 after acquiring an additional 200 shares during the last quarter. Wealthspire Advisors LLC boosted its stake in Liberty Broadband by 5.7% during the 4th quarter. Wealthspire Advisors LLC now owns 4,543 shares of the company’s stock valued at $340,000 after purchasing an additional 244 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Liberty Broadband by 0.8% in the 4th quarter. Arizona State Retirement System now owns 33,799 shares of the company’s stock worth $2,527,000 after purchasing an additional 265 shares in the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Liberty Broadband in a research report on Monday, April 14th. They set a “sell” rating on the stock.

Liberty Broadband Trading Up 2.1 %

Shares of LBRDK stock opened at $78.22 on Friday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $101.50. The stock has a market capitalization of $11.21 billion, a P/E ratio of 14.41 and a beta of 1.03. The firm’s 50 day moving average is $81.68 and its 200 day moving average is $81.46.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings data on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing the consensus estimate of $3.67 by ($1.63). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $253.00 million during the quarter, compared to the consensus estimate of $252.50 million. Research analysts expect that Liberty Broadband Co. will post 7.71 earnings per share for the current year.

Liberty Broadband 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.