Assenagon Asset Management S.A. Has $268.05 Million Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Assenagon Asset Management S.A. boosted its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 23.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,585,407 shares of the company's stock after purchasing an additional 686,089 shares during the period. Assenagon Asset Management S.A. owned approximately 2.51% of Liberty Broadband worth $268,045,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Oak Thistle LLC increased its stake in Liberty Broadband by 146.1% in the 4th quarter. Oak Thistle LLC now owns 7,020 shares of the company's stock worth $525,000 after purchasing an additional 4,167 shares in the last quarter. Fiduciary Alliance LLC acquired a new position in shares of Liberty Broadband in the fourth quarter worth about $376,000. Everence Capital Management Inc. acquired a new position in shares of Liberty Broadband in the fourth quarter worth about $229,000. Franklin Resources Inc. purchased a new position in shares of Liberty Broadband in the third quarter worth approximately $175,000. Finally, Tidal Investments LLC acquired a new stake in shares of Liberty Broadband during the third quarter valued at approximately $217,000. 80.22% of the stock is currently owned by institutional investors.

Insider Transactions at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 71,500 shares of the company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $82.00, for a total value of $5,863,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,827,013 shares in the company, valued at approximately $231,815,066. This represents a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 196,542 shares of company stock worth $15,834,108. Insiders own 10.80% of the company's stock.

Liberty Broadband Stock Performance

Shares of NASDAQ:LBRDK traded up $0.48 during trading on Wednesday, reaching $75.98. The stock had a trading volume of 658,516 shares, compared to its average volume of 686,880. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock has a fifty day simple moving average of $82.84 and a two-hundred day simple moving average of $72.68. The firm has a market capitalization of $10.85 billion, a price-to-earnings ratio of 13.99 and a beta of 1.04. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates of $2.68 by ($1.69). The firm had revenue of $262.00 million for the quarter, compared to analyst estimates of $237.41 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same period in the prior year, the firm earned $1.10 EPS. As a group, analysts anticipate that Liberty Broadband Co. will post 6.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Liberty Broadband in a research note on Wednesday, January 8th. They issued a "sell" rating for the company.

About Liberty Broadband

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.