Liberty Broadband Co. (NASDAQ:LBRDK) Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. raised its holdings in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 55,085 shares of the company's stock after purchasing an additional 3,897 shares during the quarter. Alliancebernstein L.P.'s holdings in Liberty Broadband were worth $4,118,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its holdings in Liberty Broadband by 61.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock worth $30,000 after buying an additional 154 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Liberty Broadband by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 3,757 shares of the company's stock worth $281,000 after acquiring an additional 199 shares during the last quarter. Handelsbanken Fonder AB increased its position in shares of Liberty Broadband by 0.6% during the fourth quarter. Handelsbanken Fonder AB now owns 33,300 shares of the company's stock worth $2,490,000 after purchasing an additional 200 shares in the last quarter. Wealthspire Advisors LLC increased its position in shares of Liberty Broadband by 5.7% during the fourth quarter. Wealthspire Advisors LLC now owns 4,543 shares of the company's stock worth $340,000 after purchasing an additional 244 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in Liberty Broadband by 0.8% in the 4th quarter. Arizona State Retirement System now owns 33,799 shares of the company's stock valued at $2,527,000 after purchasing an additional 265 shares during the last quarter. 80.22% of the stock is owned by institutional investors and hedge funds.

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Liberty Broadband Stock Up 0.9 %

LBRDK traded up $0.72 during trading hours on Tuesday, hitting $79.00. 413,180 shares of the company's stock were exchanged, compared to its average volume of 1,048,460. The firm has a 50 day moving average of $81.68 and a 200 day moving average of $81.51. The firm has a market cap of $11.32 billion, a P/E ratio of 14.55 and a beta of 1.03. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $101.50.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $3.67 by ($1.63). The firm had revenue of $253.00 million during the quarter, compared to analyst estimates of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. Analysts predict that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a research note on Monday. They issued a "sell" rating on the stock.

Liberty Broadband Company 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.