Aire Advisors LLC Boosts Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Aire Advisors LLC lifted its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 83.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,880 shares of the company's stock after buying an additional 13,569 shares during the quarter. Aire Advisors LLC's holdings in Liberty Broadband were worth $2,234,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Groupama Asset Managment acquired a new stake in Liberty Broadband in the third quarter valued at $25,000. Quarry LP purchased a new position in shares of Liberty Broadband in the 3rd quarter valued at about $28,000. Smartleaf Asset Management LLC raised its position in shares of Liberty Broadband by 61.1% during the 4th 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. lifted its stake in 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 purchasing an additional 266 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Liberty Broadband by 138.0% in the fourth quarter. Jones Financial Companies Lllp now owns 488 shares of the company's stock valued at $36,000 after purchasing an additional 283 shares in the last quarter. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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Liberty Broadband Stock Performance

Shares of LBRDK traded down $2.99 during mid-day trading on Friday, reaching $85.13. 545,049 shares of the company's stock were exchanged, compared to its average volume of 1,065,263. The business's fifty day simple moving average is $81.25 and its 200-day simple moving average is $80.25. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $101.50. The stock has a market capitalization of $12.20 billion, a PE ratio of 15.68 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 issued its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $252.50 million. On average, equities research analysts expect that Liberty Broadband Co. will post 7.71 earnings per share 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.