Qsemble Capital Management LP Sells 18,054 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Qsemble Capital Management LP trimmed its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 79.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,802 shares of the company’s stock after selling 18,054 shares during the period. Qsemble Capital Management LP’s holdings in Liberty Broadband were worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in LBRDK. Vanguard Group Inc. raised its position in shares of Liberty Broadband by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 11,213,505 shares of the company’s stock worth $903,696,000 after acquiring an additional 243,156 shares in the last quarter. Whitebox Advisors LLC grew its stake in Liberty Broadband by 17.9% in the first quarter. Whitebox Advisors LLC now owns 2,300,322 shares of the company’s stock valued at $131,647,000 after purchasing an additional 349,400 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Liberty Broadband by 426.5% in the second quarter. Assenagon Asset Management S.A. now owns 1,397,069 shares of the company’s stock worth $76,587,000 after purchasing an additional 1,131,743 shares in the last quarter. Norges Bank purchased a new stake in shares of Liberty Broadband during the fourth quarter valued at about $104,363,000. Finally, Highbridge Capital Management LLC boosted its holdings in shares of Liberty Broadband by 6.5% in the 4th quarter. Highbridge Capital Management LLC now owns 917,547 shares of the company’s stock valued at $73,945,000 after buying an additional 56,057 shares in the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on LBRDK shares. Morgan Stanley boosted their price objective on shares of Liberty Broadband from $62.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Friday, July 19th. Rosenblatt Securities upped their price target on Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th.

Liberty Broadband Stock Performance

Shares of Liberty Broadband stock opened at $61.18 on Friday. The company has a 50 day moving average price of $60.93 and a 200 day moving average price of $55.92. The firm has a market capitalization of $8.74 billion, a P/E ratio of 10.39 and a beta of 1.02. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.39. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $95.53.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $2.51 by ($1.15). The company had revenue of $246.00 million for the quarter, compared to analyst estimates of $244.25 million. Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. During the same quarter in the previous year, the firm posted $1.71 earnings per share. Sell-side analysts expect that Liberty Broadband Co. will post 9.05 EPS 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.