Vanguard Group Inc. Purchases 95,599 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Vanguard Group Inc. boosted its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,064,423 shares of the company's stock after buying an additional 95,599 shares during the period. Vanguard Group Inc. owned about 7.75% of Liberty Broadband worth $827,176,000 as of its most recent SEC filing.

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

Liberty Broadband Price Performance

LBRDK traded down $3.05 during trading on Thursday, hitting $84.52. The company's stock had a trading volume of 860,992 shares, compared to its average volume of 1,057,777. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $12.11 billion, a price-to-earnings ratio of 15.57 and a beta of 1.06. The firm's 50 day moving average price is $81.91 and its two-hundred day moving average price is $80.81. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Liberty Broadband in a report on Saturday, March 29th. 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.