Canada Pension Plan Investment Board Acquires 175,300 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Canada Pension Plan Investment Board lifted its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 331.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 228,200 shares of the company's stock after purchasing an additional 175,300 shares during the period. Canada Pension Plan Investment Board owned about 0.16% of Liberty Broadband worth $17,060,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Smartleaf Asset Management LLC lifted its position in 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 during the last quarter. CIBC Asset Management Inc increased 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 buying an additional 199 shares during the period. Handelsbanken Fonder AB raised its holdings in Liberty Broadband by 0.6% during the 4th quarter. Handelsbanken Fonder AB now owns 33,300 shares of the company's stock valued at $2,490,000 after buying an additional 200 shares during the last quarter. Wealthspire Advisors LLC boosted its position in Liberty Broadband by 5.7% during the 4th quarter. Wealthspire Advisors LLC now owns 4,543 shares of the company's stock valued at $340,000 after buying an additional 244 shares during the period. Finally, Arizona State Retirement System grew its holdings in Liberty Broadband by 0.8% in the 4th quarter. Arizona State Retirement System now owns 33,799 shares of the company's stock worth $2,527,000 after acquiring an additional 265 shares during the last quarter. Institutional investors own 80.22% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a report on Monday, April 14th. They set a "sell" rating for the company.

Liberty Broadband Stock Performance

NASDAQ:LBRDK opened at $78.22 on Monday. 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 firm's fifty day simple moving average is $81.68 and its 200 day simple moving average is $81.50. The stock has a market cap of $11.21 billion, a P/E ratio of 14.41 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 released its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.67 by ($1.63). The company had revenue of $253.00 million during the quarter, compared to the consensus estimate of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. As a group, research analysts predict that Liberty Broadband Co. will post 7.71 EPS for the current year.

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.

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