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51,062 Shares in Liberty Broadband Co. (NASDAQ:LBRDK) Acquired by Empirical Asset Management LLC

Liberty Broadband logo with Consumer Discretionary background

Empirical Asset Management LLC bought a new stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 51,062 shares of the company's stock, valued at approximately $3,817,000.

Several other institutional investors and hedge funds have also bought and sold shares of LBRDK. Commonwealth Equity Services LLC bought a new position in Liberty Broadband in the 2nd quarter worth $602,000. American Century Companies Inc. raised its stake in shares of Liberty Broadband by 2.9% in the second quarter. American Century Companies Inc. now owns 29,050 shares of the company's stock worth $1,593,000 after buying an additional 829 shares during the period. Envestnet Asset Management Inc. raised its stake in Liberty Broadband by 11.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 147,010 shares of the company's stock worth $8,059,000 after acquiring an additional 15,584 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Liberty Broadband by 19.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company's stock valued at $113,045,000 after buying an additional 330,159 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of Liberty Broadband by 75.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,962 shares of the company's stock valued at $594,000 after acquiring an additional 4,703 shares in the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Liberty Broadband in a research note on Thursday. They issued a "sell" rating for the company.

View Our Latest Analysis on LBRDK

Insider Activity at Liberty Broadband

In other Liberty Broadband news, CEO Gregory B. Maffei sold 71,500 shares of Liberty Broadband stock in a transaction on Monday, December 16th. The shares were sold at an average price of $82.00, for a total transaction of $5,863,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,827,013 shares of the company's stock, valued at $231,815,066. The trade was a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders sold 196,542 shares of company stock valued at $15,834,108. Insiders own 10.80% of the company's stock.

Liberty Broadband Price Performance

Shares of LBRDK stock traded up $0.65 during trading hours on Friday, hitting $76.50. The stock had a trading volume of 535,390 shares, compared to its average volume of 817,508. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market capitalization of $10.93 billion, a price-to-earnings ratio of 14.09 and a beta of 1.04. Liberty Broadband Co. has a one year low of $46.46 and a one year high of $101.50. The stock's 50-day moving average price is $81.48 and its two-hundred day moving average price is $72.88.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.68 by ($1.69). The firm had revenue of $262.00 million during the quarter, compared to the consensus estimate 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 previous year, the firm earned $1.10 EPS. Equities analysts forecast that Liberty Broadband Co. will post 7.71 EPS for the current year.

Liberty Broadband Profile

(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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Institutional Ownership by Quarter for Liberty Broadband (NASDAQ:LBRDK)

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