Banco BTG Pactual S.A. bought a new stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,120 shares of the company's stock, valued at approximately $541,000.
A number of other institutional investors have also recently made changes to their positions in the company. Groupama Asset Managment purchased a new position in Liberty Broadband in the 3rd quarter valued at approximately $25,000. Quarry LP bought a new position in shares of Liberty Broadband in the third quarter worth $28,000. Smartleaf Asset Management LLC grew its position in shares of Liberty Broadband by 61.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock valued at $30,000 after purchasing an additional 154 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company's stock valued at $36,000 after purchasing an additional 266 shares during the period. Finally, Lee Danner & Bass Inc. purchased a new stake in Liberty Broadband during the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 80.22% of the company's stock.
Liberty Broadband Trading Down 3.4 %
Shares of Liberty Broadband stock traded down $2.99 during trading on Friday, reaching $85.13. The company's stock had a trading volume of 545,049 shares, compared to its average volume of 1,065,263. 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 52-week low of $46.46 and a 52-week high of $101.50. The firm's 50-day moving average is $81.25 and its two-hundred day moving average is $80.25. The company has a market cap of $12.20 billion, a price-to-earnings ratio of 15.68 and a beta of 1.06.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing analysts' consensus estimates of $3.67 by ($1.63). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The company had revenue of $253.00 million during the quarter, compared to the consensus estimate of $252.50 million. On average, sell-side analysts anticipate that Liberty Broadband Co. will post 7.71 earnings per share for the current year.
Analysts Set New Price Targets
Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a research report on Saturday. They set a "sell" rating for the company.
View Our Latest Stock Report on LBRDK
About Liberty Broadband
(
Free Report)
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.
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