LB Partners LLC Increases Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

LB Partners LLC boosted its holdings in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 56.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 78,075 shares of the company's stock after acquiring an additional 28,075 shares during the period. Liberty Broadband accounts for about 4.4% of LB Partners LLC's investment portfolio, making the stock its 8th largest position. LB Partners LLC owned about 0.05% of Liberty Broadband worth $5,837,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. AQR Capital Management LLC purchased a new position in Liberty Broadband in the second quarter valued at approximately $326,000. GAMMA Investing LLC boosted its holdings in shares of Liberty Broadband by 200.7% during the third quarter. GAMMA Investing LLC now owns 424 shares of the company's stock valued at $33,000 after acquiring an additional 283 shares during the period. Gateway Investment Advisers LLC bought a new stake in shares of Liberty Broadband during the third quarter valued at about $227,000. BlueDrive Global Investors LLP bought a new stake in Liberty Broadband in the third quarter worth about $6,251,000. Finally, Whittier Trust Co. raised its holdings in Liberty Broadband by 36.5% during the 3rd quarter. Whittier Trust Co. now owns 8,600 shares of the company's stock worth $665,000 after buying an additional 2,300 shares during the period. 80.22% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Stock Performance

LBRDK stock traded up $1.30 during midday trading on Wednesday, hitting $77.18. The stock had a trading volume of 340,405 shares, compared to its average volume of 858,997. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock has a 50-day simple moving average of $78.75 and a 200 day simple moving average of $75.07. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50. The firm has a market capitalization of $11.03 billion, a price-to-earnings ratio of 14.22 and a beta of 1.04.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $2.68 by ($1.69). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $262.00 million during the quarter, compared to analyst estimates of $237.41 million. During the same quarter in the previous year, the business earned $1.10 earnings per share. As a group, equities research analysts anticipate that Liberty Broadband Co. will post 7.71 earnings per share for the current year.

Insider Activity

In related news, CEO Gregory B. Maffei sold 125,000 shares of the business's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total value of $9,967,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,435,256 shares in the company, valued at $114,447,313.44. The trade was a 8.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 196,542 shares of company stock worth $15,834,108 in the last 90 days. Corporate insiders own 10.80% of the company's stock.

Analyst Ratings Changes

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

Liberty Broadband Company 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.