Robeco Institutional Asset Management B.V. Sells 7,689 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Robeco Institutional Asset Management B.V. lessened its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 26.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,935 shares of the company’s stock after selling 7,689 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Liberty Broadband were worth $1,768,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. UBS Group AG lifted its position in Liberty Broadband by 21.7% during the 3rd quarter. UBS Group AG now owns 8,626,349 shares of the company’s stock worth $787,758,000 after acquiring an additional 1,536,718 shares during the last quarter. Aristeia Capital LLC boosted 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 valued at $587,699,000 after purchasing an additional 363,554 shares during the period. Barclays PLC boosted its stake in Liberty Broadband by 315.0% during the 3rd quarter. Barclays PLC now owns 2,675,919 shares of the company’s stock valued at $244,364,000 after purchasing an additional 2,031,168 shares during the period. Makaira Partners LLC grew its holdings in Liberty Broadband by 2.1% in the 3rd quarter. Makaira Partners LLC now owns 1,736,858 shares of the company’s stock valued at $158,610,000 after buying an additional 35,425 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its position in Liberty Broadband by 13.5% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,349,659 shares of the company’s stock worth $108,768,000 after buying an additional 160,460 shares during the period. Institutional investors and hedge funds own 80.22% of the company’s stock.

Insider Buying and Selling

In other news, Director J David Wargo sold 11,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were 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 of the company’s stock, valued at $6,096,013.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 45,000 shares of company stock worth $2,435,830 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup cut their price objective on shares of Liberty Broadband from $108.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th.

Liberty Broadband Trading Down 1.2 %

Shares of LBRDK opened at $52.02 on Thursday. The stock has a fifty day moving average price of $52.75 and a two-hundred day moving average price of $66.37. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 1.81. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 8.83 and a beta of 0.97. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $95.68.

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.