Magnetar Financial LLC Purchases Shares of 627,419 Liberty Broadband Co. (NASDAQ:LBRDK)

Magnetar Financial LLC acquired a new stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 627,419 shares of the company's stock, valued at approximately $46,906,000. Magnetar Financial LLC owned 0.44% of Liberty Broadband at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in LBRDK. Groupama Asset Managment purchased a new position in Liberty Broadband in the third quarter valued at approximately $25,000. Quarry LP purchased a new position in shares of Liberty Broadband during the 3rd quarter valued at $28,000. Smartleaf Asset Management LLC grew its stake 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 during the period. Blue Trust Inc. grew its stake in shares of Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company's stock worth $36,000 after acquiring an additional 266 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in 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 acquiring an additional 283 shares during the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Liberty Broadband in a research report on Friday. They set a "sell" rating for the company.

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Liberty Broadband Stock Performance

Shares of NASDAQ:LBRDK traded up $1.12 during trading on Monday, hitting $84.81. 1,003,298 shares of the company were exchanged, compared to its average volume of 1,005,460. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $101.50. The stock has a 50 day moving average of $80.15 and a 200 day moving average of $79.46. 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 company has a market cap of $12.15 billion, a PE ratio of 15.62 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 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 company had revenue of $253.00 million during the quarter, compared to the consensus estimate of $252.50 million. As a group, equities research analysts predict 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.