Aire Advisors LLC Makes New Investment in Liberty Broadband Co. (NASDAQ:LBRDA)

Aire Advisors LLC bought a new position in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,507 shares of the company's stock, valued at approximately $261,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in shares of Liberty Broadband by 891.9% during the 4th quarter. Farther Finance Advisors LLC now owns 367 shares of the company's stock worth $27,000 after acquiring an additional 330 shares in the last quarter. Franklin Resources Inc. purchased a new stake in Liberty Broadband during the third quarter valued at $30,000. Paloma Partners Management Co bought a new position in Liberty Broadband during the third quarter valued at $54,000. AlphaQuest LLC lifted its holdings in shares of Liberty Broadband by 4,115.0% in the 4th quarter. AlphaQuest LLC now owns 843 shares of the company's stock valued at $63,000 after acquiring an additional 823 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its holdings in Liberty Broadband by 116.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 990 shares of the company's stock worth $76,000 after purchasing an additional 533 shares during the period. 10.29% of the stock is owned by institutional investors.

Liberty Broadband Stock Down 3.2 %

NASDAQ:LBRDA traded down $2.80 during mid-day trading on Friday, reaching $85.04. The company's stock had a trading volume of 65,434 shares, compared to its average volume of 151,373. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a 1 year low of $47.17 and a 1 year high of $100.44. The stock has a fifty day moving average of $80.65 and a 200-day moving average of $79.62. The firm has a market capitalization of $12.18 billion, a PE ratio of 15.66 and a beta of 1.08.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.31. The business had revenue of $263.00 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%.

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.