Finepoint Capital LP Purchases 21,200 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Finepoint Capital LP grew its holdings in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,015,710 shares of the company's stock after purchasing an additional 21,200 shares during the quarter. Liberty Broadband comprises about 9.2% of Finepoint Capital LP's investment portfolio, making the stock its 2nd largest position. Finepoint Capital LP owned 1.41% of Liberty Broadband worth $150,694,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in LBRDK. Madison Investment Advisors LLC bought a new position in Liberty Broadband in the fourth quarter valued at about $122,714,000. Norges Bank acquired a new position in Liberty Broadband during the 4th quarter valued at about $100,845,000. Assenagon Asset Management S.A. boosted its stake in shares of Liberty Broadband by 23.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company's stock valued at $268,045,000 after purchasing an additional 686,089 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of Liberty Broadband in the 4th quarter valued at about $46,906,000. Finally, Barclays PLC grew its position in shares of 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 buying an additional 415,496 shares during the period. Institutional investors own 80.22% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Liberty Broadband in a research note on Sunday, April 6th. They issued a "sell" rating on the stock.

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Liberty Broadband Trading Down 0.4 %

Shares of Liberty Broadband stock traded down $0.30 during trading on Friday, hitting $76.68. 140,144 shares of the company were exchanged, compared to its average volume of 1,052,266. Liberty Broadband Co. has a 1-year low of $46.46 and a 1-year 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 firm has a market capitalization of $10.99 billion, a P/E ratio of 14.13 and a beta of 1.03. The firm's fifty day moving average price is $81.64 and its 200 day moving average price is $81.44.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.04 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 firm had revenue of $253.00 million during the quarter, compared to the consensus estimate of $252.50 million. As a group, sell-side analysts expect that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal 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.