Liberty Broadband Corporation $LBRDA Shares Sold by Wittenberg Investment Management Inc.

Wittenberg Investment Management Inc. decreased its position in Liberty Broadband Corporation (NASDAQ:LBRDA) by 45.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,621 shares of the company’s stock after selling 36,934 shares during the quarter. Liberty Broadband comprises approximately 1.9% of Wittenberg Investment Management Inc.’s investment portfolio, making the stock its 10th biggest position. Wittenberg Investment Management Inc.’s holdings in Liberty Broadband were worth $4,365,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in LBRDA. GAMMA Investing LLC boosted its stake in Liberty Broadband by 21.2% in the 2nd quarter. GAMMA Investing LLC now owns 698 shares of the company’s stock valued at $68,000 after purchasing an additional 122 shares during the period. Central Pacific Bank Trust Division lifted its holdings in shares of Liberty Broadband by 30.8% during the second quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the company’s stock worth $166,000 after buying an additional 400 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Liberty Broadband by 10.8% during the second quarter. Parallel Advisors LLC now owns 1,798 shares of the company’s stock worth $176,000 after buying an additional 175 shares in the last quarter. CWM LLC boosted its position in shares of Liberty Broadband by 38.4% in the first quarter. CWM LLC now owns 1,963 shares of the company’s stock valued at $167,000 after acquiring an additional 545 shares during the period. Finally, AlphaQuest LLC grew its stake in shares of Liberty Broadband by 154.0% in the second quarter. AlphaQuest LLC now owns 2,144 shares of the company’s stock valued at $210,000 after acquiring an additional 1,300 shares in the last quarter. 10.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Liberty Broadband in a research report on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Liberty Broadband currently has a consensus rating of “Hold” and a consensus price target of $115.00.

Liberty Broadband Stock Down 0.8%

Shares of NASDAQ LBRDA opened at $46.32 on Tuesday. The stock has a market capitalization of $6.65 billion, a P/E ratio of 8.39 and a beta of 1.01. The stock’s fifty day moving average is $57.46 and its 200 day moving average is $73.52. Liberty Broadband Corporation has a 52 week low of $45.91 and a 52 week high of $102.38. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.24 and a current ratio of 0.24.

Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.57. Liberty Broadband had a net margin of 103.04% and a return on equity of 12.23%.

Liberty Broadband Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 3.8%.

Liberty Broadband 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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.