Walleye Capital LLC boosted its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 527.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 182,862 shares of the company's stock after acquiring an additional 153,707 shares during the period. Walleye Capital LLC owned about 0.13% of Liberty Broadband worth $13,671,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Giverny Capital Inc. purchased a new position in shares of Liberty Broadband during the 4th quarter worth $1,121,000. Water Island Capital LLC purchased a new position in Liberty Broadband in the fourth quarter valued at about $2,789,000. Sterling Capital Management LLC lifted its stake in shares of Liberty Broadband by 23.5% during the fourth quarter. Sterling Capital Management LLC now owns 5,415 shares of the company's stock worth $405,000 after purchasing an additional 1,029 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Liberty Broadband in the fourth quarter worth about $949,000. Finally, Sellaronda Global Management LP acquired a new stake in shares of Liberty Broadband in the fourth quarter valued at about $5,233,000. Hedge funds and other institutional investors own 80.22% of the company's stock.
Liberty Broadband Stock Up 2.1 %
Shares of NASDAQ LBRDK traded up $1.62 during midday trading on Friday, reaching $78.22. 661,821 shares of the company's stock were exchanged, compared to its average volume of 1,045,180. The stock has a market capitalization of $11.21 billion, a PE ratio of 14.41 and a beta of 1.03. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $101.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The business's fifty day moving average price is $81.68 and its two-hundred day moving average price is $81.47.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted 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). The business had revenue of $253.00 million for the quarter, compared to analysts' expectations of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. Analysts forecast that Liberty Broadband Co. will post 7.71 EPS for the current year.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on Liberty Broadband in a report on Monday, April 14th. They issued a "sell" rating for the company.
Read Our Latest Research Report on LBRDK
Liberty Broadband Company Profile
(
Free Report)
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.
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