Catalyst Funds Management Pty Ltd Boosts Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Catalyst Funds Management Pty Ltd lifted its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 3,262.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,450 shares of the company's stock after acquiring an additional 13,050 shares during the period. Catalyst Funds Management Pty Ltd's holdings in Liberty Broadband were worth $1,006,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC increased its position in Liberty Broadband by 6.4% during the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company's stock worth $533,251,000 after purchasing an additional 415,496 shares in the last quarter. ABC Arbitrage SA acquired a new position in Liberty Broadband during the 4th quarter worth approximately $563,000. Wolverine Asset Management LLC increased its position in Liberty Broadband by 458.8% during the 4th quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company's stock worth $710,000 after purchasing an additional 7,799 shares in the last quarter. Point72 Asset Management L.P. increased its position in Liberty Broadband by 54.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 294,641 shares of the company's stock worth $22,773,000 after purchasing an additional 104,272 shares in the last quarter. Finally, Everence Capital Management Inc. acquired a new position in Liberty Broadband in the 4th quarter valued at approximately $229,000. Institutional investors own 80.22% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Liberty Broadband in a research report on Thursday, March 13th. They issued a "sell" rating for the company.

Liberty Broadband Trading Down 0.7 %

Shares of LBRDK traded down $0.55 during trading hours on Wednesday, hitting $81.40. 688,043 shares of the stock were exchanged, compared to its average volume of 1,013,810. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The business has a 50-day moving average of $79.70 and a 200-day moving average of $79.01. The firm has a market capitalization of $11.66 billion, a P/E ratio of 14.99 and a beta of 1.06.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued 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). The company had revenue of $253.00 million for the quarter, compared to the consensus estimate of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. On average, research analysts expect that Liberty Broadband Co. will post 7.71 EPS for the current year.

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.