Amalgamated Bank Reduces Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Amalgamated Bank trimmed its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,947 shares of the company’s stock after selling 332 shares during the quarter. Amalgamated Bank’s holdings in Liberty Broadband were worth $445,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Groupama Asset Managment acquired a new position in Liberty Broadband in the third quarter worth about $25,000. Quarry LP acquired a new position in Liberty Broadband in the third quarter worth about $28,000. Blue Trust Inc. grew its stake in Liberty Broadband by 134.3% in the fourth quarter. Blue Trust Inc. now owns 464 shares of the company’s stock worth $36,000 after purchasing an additional 266 shares in the last quarter. R Squared Ltd acquired a new position in Liberty Broadband in the fourth quarter worth about $37,000. Finally, Brooklyn Investment Group acquired a new position in Liberty Broadband in the third quarter worth about $82,000. 80.22% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Liberty Broadband

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of Liberty Broadband stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the transaction, the chief executive officer now directly owns 1,435,256 shares in the company, valued at approximately $114,447,313.44. The trade was a 8.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 10.80% of the stock is owned by corporate insiders.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $83.86 on Wednesday. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50. The stock has a market cap of $11.98 billion, a price-to-earnings ratio of 15.44 and a beta of 1.04. The stock’s 50 day moving average price is $78.25 and its 200 day moving average price is $77.55. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07.

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

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Liberty Broadband in a research note on Wednesday. They issued a “sell” rating for the company.

Liberty Broadband Company 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.