Headlands Technologies LLC Purchases 2,926 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Headlands Technologies LLC raised its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 17.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,117 shares of the company's stock after purchasing an additional 2,926 shares during the quarter. Headlands Technologies LLC's holdings in Liberty Broadband were worth $1,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of LBRDK. Groupama Asset Managment bought a new position in shares of Liberty Broadband during the 3rd quarter valued at about $25,000. Quarry LP bought a new position in Liberty Broadband during the third quarter valued at approximately $28,000. Smartleaf Asset Management LLC raised its stake in shares of Liberty Broadband by 61.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock worth $30,000 after acquiring an additional 154 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Liberty Broadband by 134.3% during the fourth quarter. Blue Trust Inc. now owns 464 shares of the company's stock worth $36,000 after acquiring an additional 266 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Liberty Broadband by 138.0% in the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company's stock worth $36,000 after acquiring an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company's stock.

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Liberty Broadband Trading Down 8.8 %

Liberty Broadband stock traded down $7.42 during trading hours on Friday, reaching $77.10. The stock had a trading volume of 1,180,981 shares, compared to its average volume of 1,056,246. The company has a fifty day simple moving average of $81.82 and a 200-day simple moving average of $81.05. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50. The stock has a market cap of $11.05 billion, a PE ratio of 14.20 and a beta of 1.06. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Liberty Broadband in a report on Sunday. 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.