Arrowstreet Capital Limited Partnership Purchases 195,482 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Arrowstreet Capital Limited Partnership lifted its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 72.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 464,385 shares of the company's stock after purchasing an additional 195,482 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.33% of Liberty Broadband worth $34,717,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Liberty Broadband by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company's stock valued at $827,176,000 after acquiring an additional 95,599 shares in the last quarter. Barclays PLC raised its position in shares of 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. Assenagon Asset Management S.A. raised its position in shares of 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. Geode Capital Management LLC lifted its stake in shares of Liberty Broadband by 1.6% in the third quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company's stock worth $155,736,000 after buying an additional 31,484 shares during the last quarter. Finally, Madison Investment Advisors LLC bought a new stake in shares of Liberty Broadband during the 4th quarter worth $122,714,000. Institutional investors and hedge funds own 80.22% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Liberty Broadband in a report on Sunday. They issued a "sell" rating on the stock.

Liberty Broadband Stock Performance

LBRDK traded down $1.02 during midday trading on Monday, reaching $76.08. The company's stock had a trading volume of 1,304,366 shares, compared to its average volume of 1,057,234. 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 company has a fifty day simple moving average of $81.72 and a 200 day simple moving average of $81.28. The stock has a market cap of $10.90 billion, a P/E ratio of 14.01 and a beta of 1.03. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $101.50.

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

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.