New York State Common Retirement Fund Cuts Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

New York State Common Retirement Fund lowered its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,625 shares of the company’s stock after selling 2,500 shares during the quarter. New York State Common Retirement Fund’s holdings in Liberty Broadband were worth $4,308,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its holdings in Liberty Broadband by 0.5% during the third quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company’s stock worth $2,101,000 after buying an additional 125 shares in the last quarter. CIBC Asset Management Inc grew its holdings in Liberty Broadband by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 3,757 shares of the company’s stock worth $281,000 after buying an additional 199 shares in the last quarter. Blue Trust Inc. lifted its holdings in Liberty Broadband by 134.3% during the fourth quarter. Blue Trust Inc. now owns 464 shares of the company’s stock worth $36,000 after acquiring an additional 266 shares during the period. Groupama Asset Managment bought a new stake in Liberty Broadband during the third quarter worth $25,000. Finally, Quarry LP bought a new stake in Liberty Broadband during the third quarter worth $28,000. Institutional investors own 80.22% of the company’s stock.

Liberty Broadband Stock Performance

Shares of Liberty Broadband stock opened at $82.26 on Friday. The business’s fifty day simple moving average is $77.95 and its 200 day simple moving average is $77.05. The firm has a market capitalization of $11.75 billion, a P/E ratio of 15.15 and a beta of 1.04. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings results on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $3.67 by ($1.63). The business had revenue of $253.00 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%. As a group, analysts anticipate that Liberty Broadband Co. will post 7.71 EPS for the current year.

Insider Buying and Selling at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 71,500 shares of the business’s stock in a transaction on 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 sale, 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 document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Liberty Broadband in a report on Tuesday. They set a “sell” rating on the stock.

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.