KLP Kapitalforvaltning AS Invests $1.84 Million in Liberty Broadband Co. (NASDAQ:LBRDK)

KLP Kapitalforvaltning AS purchased a new position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 24,600 shares of the company's stock, valued at approximately $1,839,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its position in Liberty Broadband by 63.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 940,168 shares of the company's stock valued at $72,666,000 after buying an additional 366,614 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Liberty Broadband by 8.3% in the 3rd quarter. Cerity Partners LLC now owns 7,357 shares of the company's stock valued at $569,000 after acquiring an additional 562 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Liberty Broadband in the 3rd quarter valued at $470,000. Bank of Montreal Can increased its stake in shares of Liberty Broadband by 6.7% in the third quarter. Bank of Montreal Can now owns 275,606 shares of the company's stock worth $21,536,000 after acquiring an additional 17,394 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Liberty Broadband by 0.5% during the third quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company's stock worth $2,101,000 after purchasing an additional 125 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Separately, StockNews.com began coverage on Liberty Broadband in a research report on Saturday. They set a "sell" rating on the stock.

Liberty Broadband Stock Performance

NASDAQ LBRDK traded up $0.48 during mid-day trading on Tuesday, reaching $85.53. 641,718 shares of the stock were exchanged, compared to its average volume of 1,059,390. The company has a market capitalization of $12.25 billion, a P/E ratio of 15.75 and a beta of 1.06. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The business's 50 day moving average is $81.60 and its 200-day moving average is $80.73. Liberty Broadband Co. has a 1 year low of $46.46 and a 1 year high of $101.50.

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 firm had revenue of $253.00 million for the quarter, compared to analysts' expectations of $252.50 million. On average, equities research analysts forecast that Liberty Broadband Co. will post 7.71 EPS for the current fiscal 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.