Bank of New York Mellon Corp Sells 1,252 Shares of Liberty Broadband Co. (NASDAQ:LBRDA)

Bank of New York Mellon Corp lowered its position in shares of Liberty Broadband Co. (NASDAQ:LBRDA) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,249 shares of the company’s stock after selling 1,252 shares during the period. Bank of New York Mellon Corp’s holdings in Liberty Broadband were worth $3,811,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in LBRDA. Franklin Resources Inc. bought a new position in shares of Liberty Broadband during the third quarter worth approximately $30,000. Paloma Partners Management Co bought a new position in shares of Liberty Broadband during the third quarter worth approximately $54,000. Glenmede Trust Co. NA grew its position in Liberty Broadband by 116.6% during the third quarter. Glenmede Trust Co. NA now owns 990 shares of the company’s stock worth $76,000 after buying an additional 533 shares in the last quarter. Scheer Rowlett & Associates Investment Management Ltd. acquired a new stake in Liberty Broadband during the third quarter worth approximately $253,000. Finally, Integrated Investment Consultants LLC acquired a new stake in Liberty Broadband during the third quarter worth approximately $258,000. Institutional investors own 10.29% of the company’s stock.

Liberty Broadband Trading Down 0.5 %

Shares of NASDAQ:LBRDA opened at $81.27 on Wednesday. The company has a market capitalization of $11.64 billion, a P/E ratio of 14.97 and a beta of 1.08. Liberty Broadband Co. has a 1 year low of $47.17 and a 1 year high of $100.44. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The business’s 50 day simple moving average is $79.04 and its 200 day simple moving average is $78.34.

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

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. 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.