Rothschild & Co Wealth Management UK Ltd Has $67.65 Million Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Rothschild & Co Wealth Management UK Ltd lowered its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 1.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 839,372 shares of the company’s stock after selling 12,710 shares during the period. Liberty Broadband makes up about 1.1% of Rothschild & Co Wealth Management UK Ltd’s portfolio, making the stock its 14th largest position. Rothschild & Co Wealth Management UK Ltd’s holdings in Liberty Broadband were worth $67,645,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of LBRDK. Vanguard Group Inc. boosted its holdings in Liberty Broadband by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 12,706,439 shares of the company’s stock valued at $1,719,435,000 after purchasing an additional 48,029 shares during the period. UBS Group AG grew its position in Liberty Broadband by 21.7% during the third quarter. UBS Group AG now owns 8,626,349 shares of the company’s stock worth $787,758,000 after buying an additional 1,536,718 shares in the last quarter. Aristeia Capital LLC increased its stake in Liberty Broadband by 6.0% during the 3rd quarter. Aristeia Capital LLC now owns 6,435,596 shares of the company’s stock worth $587,699,000 after acquiring an additional 363,554 shares during the period. Barclays PLC raised its holdings in Liberty Broadband by 315.0% in the 3rd quarter. Barclays PLC now owns 2,675,919 shares of the company’s stock valued at $244,364,000 after acquiring an additional 2,031,168 shares in the last quarter. Finally, Dorsal Capital Management LLC lifted its position in shares of Liberty Broadband by 108.3% during the 4th quarter. Dorsal Capital Management LLC now owns 2,500,000 shares of the company’s stock valued at $190,675,000 after acquiring an additional 1,300,000 shares during the period. Institutional investors own 80.22% of the company’s stock.

Liberty Broadband Price Performance

NASDAQ LBRDK traded up $0.17 on Wednesday, hitting $48.36. 220,364 shares of the company’s stock were exchanged, compared to its average volume of 1,292,744. Liberty Broadband Co. has a 52 week low of $47.87 and a 52 week high of $95.68. The stock has a 50-day moving average of $56.99 and a 200-day moving average of $73.07. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.42. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 10.32 and a beta of 0.95.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings data on Friday, February 16th. The company reported $1.39 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($1.23). The business had revenue of $250.00 million during the quarter, compared to analyst estimates of $227.82 million. Liberty Broadband had a net margin of 70.13% and a return on equity of 7.76%. Analysts expect that Liberty Broadband Co. will post 10.14 earnings per share for the current year.

Insider Transactions at Liberty Broadband

In other news, Director J David Wargo sold 11,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $57.33, for a total transaction of $630,630.00. Following the sale, the director now directly owns 106,332 shares in the company, valued at $6,096,013.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 45,000 shares of company stock worth $2,435,830. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Citigroup decreased their price target on Liberty Broadband from $108.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th.

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.