Ruane Cunniff & Goldfarb L.P. Sells 16,380 Shares of Liberty Broadband Corporation $LBRDA

Ruane Cunniff & Goldfarb L.P. cut its stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDA) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 652,780 shares of the company’s stock after selling 16,380 shares during the quarter. Liberty Broadband makes up about 0.5% of Ruane Cunniff & Goldfarb L.P.’s portfolio, making the stock its 22nd largest position. Ruane Cunniff & Goldfarb L.P. owned approximately 0.45% of Liberty Broadband worth $31,516,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of LBRDA. Comerica Bank boosted its stake in Liberty Broadband by 104.2% during the fourth quarter. Comerica Bank now owns 1,027 shares of the company’s stock worth $50,000 after acquiring an additional 524 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Liberty Broadband by 66.2% in the second quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock valued at $60,000 after buying an additional 245 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its stake in shares of Liberty Broadband by 22.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,377 shares of the company’s stock valued at $66,000 after buying an additional 248 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Liberty Broadband by 26.4% in the third quarter. CIBC Private Wealth Group LLC now owns 2,621 shares of the company’s stock valued at $166,000 after buying an additional 547 shares in the last quarter. Finally, CWM LLC lifted its stake in shares of Liberty Broadband by 223.4% in the fourth quarter. CWM LLC now owns 3,612 shares of the company’s stock valued at $174,000 after buying an additional 2,495 shares in the last quarter. 10.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Liberty Broadband Stock Up 5.0%

Liberty Broadband stock opened at $34.12 on Friday. The firm’s fifty day moving average price is $40.46 and its two-hundred day moving average price is $46.29. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of -1.78 and a beta of 0.66. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27. Liberty Broadband Corporation has a 1-year low of $29.59 and a 1-year high of $101.00.

Liberty Broadband (NASDAQ:LBRDA) last announced its earnings results on Tuesday, April 28th. The company reported $1.41 EPS for the quarter.

Liberty Broadband Company Profile

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter’s Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.