KBC Group NV Decreases Holdings in Liberty Broadband Corporation (NASDAQ:LBRDK)

KBC Group NV decreased its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 23.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,697 shares of the company’s stock after selling 1,705 shares during the quarter. KBC Group NV’s holdings in Liberty Broadband were worth $485,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Highland Capital Management LLC purchased a new stake in shares of Liberty Broadband during the 1st quarter worth approximately $1,163,000. Hi Line Capital Management LLC boosted its stake in shares of Liberty Broadband by 17.9% during the 1st quarter. Hi Line Capital Management LLC now owns 165,319 shares of the company’s stock worth $14,060,000 after acquiring an additional 25,132 shares in the last quarter. ProShare Advisors LLC purchased a new stake in shares of Liberty Broadband during the 4th quarter worth approximately $221,000. Canada Pension Plan Investment Board boosted its stake in shares of Liberty Broadband by 331.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 228,200 shares of the company’s stock worth $17,060,000 after acquiring an additional 175,300 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Liberty Broadband by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 972,544 shares of the company’s stock worth $72,707,000 after acquiring an additional 32,376 shares in the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Liberty Broadband Trading Up 1.2%

Shares of Liberty Broadband stock opened at $100.50 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.39 and a quick ratio of 1.39. Liberty Broadband Corporation has a 1 year low of $51.97 and a 1 year high of $104.00. The company has a market capitalization of $14.40 billion, a P/E ratio of 16.05 and a beta of 1.01. The business has a 50 day moving average price of $94.43 and a 200 day moving average price of $84.65.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 earnings per share (EPS) for the quarter. Liberty Broadband had a return on equity of 9.24% and a net margin of 88.10%. The firm had revenue of $256.00 million during the quarter. Sell-side analysts anticipate that Liberty Broadband Corporation will post 7.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen started coverage on Liberty Broadband in a research report on Friday, May 16th. They set a “sell” rating for the company.

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.