New York State Common Retirement Fund Has $918,000 Stake in Liberty Broadband Co. (NASDAQ:LBRDA)

New York State Common Retirement Fund reduced its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,352 shares of the company’s stock after selling 200 shares during the quarter. New York State Common Retirement Fund’s holdings in Liberty Broadband were worth $918,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Franklin Resources Inc. bought a new position in shares of Liberty Broadband during the third quarter valued at $30,000. Glenmede Trust Co. NA lifted its holdings in shares of Liberty Broadband by 116.6% during the third quarter. Glenmede Trust Co. NA now owns 990 shares of the company’s stock valued at $76,000 after acquiring an additional 533 shares during the period. Paloma Partners Management Co bought a new position in shares of Liberty Broadband during the third quarter valued at $54,000. US Bancorp DE lifted its holdings in shares of Liberty Broadband by 19.4% during the third quarter. US Bancorp DE now owns 4,314 shares of the company’s stock valued at $331,000 after acquiring an additional 700 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Liberty Broadband during the third quarter valued at $79,000. 10.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on LBRDA. Rosenblatt Securities cut Liberty Broadband from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $91.00 to $92.00 in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $95.00 price target (up from $90.00) on shares of Liberty Broadband in a report on Friday, November 15th.

Insider Buying and Selling

In other news, CEO Gregory B. Maffei sold 71,500 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $82.00, for a total transaction of $5,863,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,827,013 shares in the company, valued at approximately $231,815,066. The trade was a 2.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 14.19% of the company’s stock.

Liberty Broadband Stock Performance

Liberty Broadband stock opened at $83.54 on Tuesday. The stock has a 50-day simple moving average of $77.43 and a 200 day simple moving average of $76.67. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 15.38 and a beta of 1.07. Liberty Broadband Co. has a 12-month low of $47.17 and a 12-month high of $100.44.

Liberty Broadband (NASDAQ:LBRDA) last announced its quarterly earnings data on Thursday, February 27th. The company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.31. The firm had revenue of $263.00 million during the quarter, compared to analyst estimates of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.