Giverny Capital Inc. Invests $1.12 Million in Liberty Broadband Co. (NASDAQ:LBRDK)

Giverny Capital Inc. acquired a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,000 shares of the company's stock, valued at approximately $1,121,000.

Other hedge funds have also recently bought and sold shares of the company. Madison Investment Advisors LLC acquired a new position in Liberty Broadband during the fourth quarter worth approximately $122,714,000. Norges Bank acquired a new position in Liberty Broadband in the fourth quarter valued at $100,845,000. Assenagon Asset Management S.A. grew its position in Liberty Broadband by 23.7% during 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 acquiring an additional 686,089 shares during the period. Magnetar Financial LLC acquired a new stake in Liberty Broadband during the fourth quarter worth about $46,906,000. Finally, Barclays PLC increased its stake in Liberty Broadband by 6.4% during the third quarter. Barclays PLC now owns 6,899,331 shares of the company's stock worth $533,251,000 after acquiring an additional 415,496 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company's stock.

Liberty Broadband Price Performance

Shares of LBRDK stock opened at $76.84 on Friday. The firm has a fifty day simple moving average of $81.66 and a 200-day simple moving average of $81.46. The company has a market capitalization of $11.01 billion, a PE ratio of 14.15 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. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Liberty Broadband in a research report on Sunday, April 6th. They set 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.

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