Aigen Investment Management LP Acquires Shares of 7,791 Liberty Broadband Co. (NASDAQ:LBRDK)

Aigen Investment Management LP purchased a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,791 shares of the company's stock, valued at approximately $582,000.

Several other hedge funds and other institutional investors have also modified their holdings of LBRDK. Assenagon Asset Management S.A. boosted its holdings in Liberty Broadband by 23.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company's stock valued at $268,045,000 after purchasing an additional 686,089 shares during the period. Barclays PLC boosted its holdings in Liberty Broadband by 6.4% in the third quarter. Barclays PLC now owns 6,899,331 shares of the company's stock valued at $533,251,000 after purchasing an additional 415,496 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Liberty Broadband by 63.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 940,168 shares of the company's stock valued at $72,666,000 after purchasing an additional 366,614 shares during the period. FMR LLC boosted its holdings in Liberty Broadband by 104.4% in the third quarter. FMR LLC now owns 563,964 shares of the company's stock valued at $43,589,000 after purchasing an additional 288,078 shares during the period. Finally, Isomer Partners LP purchased a new position in Liberty Broadband in the third quarter valued at $20,095,000. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Stock Down 0.3 %

NASDAQ:LBRDK traded down $0.26 during midday trading on Friday, reaching $87.13. The company had a trading volume of 808,059 shares, compared to its average volume of 860,805. The firm has a market capitalization of $12.45 billion, a price-to-earnings ratio of 16.05 and a beta of 1.06. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock's fifty day simple moving average is $78.88 and its 200-day simple moving average is $78.08. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $101.50.

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Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (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 analysts' expectations of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. On average, sell-side analysts anticipate that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Gregory B. Maffei sold 125,000 shares of Liberty Broadband stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the sale, the chief executive officer now owns 1,435,256 shares in the company, valued at approximately $114,447,313.44. The trade was a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Liberty Broadband in a report on Wednesday. They issued a "sell" rating for the company.

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.