Liberty Broadband Co. (NASDAQ:LBRDK) is Dark Forest Capital Management LP's 10th Largest Position

Dark Forest Capital Management LP boosted its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 30.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,902 shares of the company's stock after acquiring an additional 25,216 shares during the quarter. Liberty Broadband accounts for about 1.1% of Dark Forest Capital Management LP's investment portfolio, making the stock its 10th largest holding. Dark Forest Capital Management LP owned approximately 0.08% of Liberty Broadband worth $5,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc increased its holdings in Liberty Broadband by 4,888.9% during the 2nd quarter. Versant Capital Management Inc now owns 449 shares of the company's stock valued at $25,000 after purchasing an additional 440 shares during the period. Beach Investment Counsel Inc. PA purchased a new stake in Liberty Broadband in the second quarter worth $36,000. Mather Group LLC. increased its position in Liberty Broadband by 103.7% during the 2nd quarter. Mather Group LLC. now owns 762 shares of the company's stock valued at $44,000 after purchasing an additional 388 shares during the period. UniSuper Management Pty Ltd raised its holdings in Liberty Broadband by 88.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,700 shares of the company's stock worth $97,000 after purchasing an additional 800 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Liberty Broadband by 163.7% in the 2nd quarter. CWM LLC now owns 2,255 shares of the company's stock worth $124,000 after purchasing an additional 1,400 shares during the period. 80.22% of the stock is currently owned by institutional investors.

Liberty Broadband Stock Performance

Shares of Liberty Broadband stock traded up $1.60 during trading hours on Thursday, reaching $75.75. 828,276 shares of the stock traded hands, compared to its average volume of 1,173,489. The company has a 50 day moving average price of $62.52 and a 200 day moving average price of $56.31. Liberty Broadband Co. has a one year low of $46.46 and a one year high of $95.53. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $10.82 billion, a price-to-earnings ratio of 12.75 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($1.15). The company had revenue of $246.00 million for the quarter, compared to the consensus estimate of $244.25 million. Liberty Broadband had a net margin of 81.86% and a return on equity of 8.79%. During the same period in the prior year, the firm posted $1.71 EPS. On average, equities research analysts expect that Liberty Broadband Co. will post 9.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Rosenblatt Securities increased their price objective on Liberty Broadband from $80.00 to $91.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th. Morgan Stanley lifted their price target on shares of Liberty Broadband from $62.00 to $69.00 and gave the company an "equal weight" rating in a research report on Friday, July 19th.

Liberty Broadband Profile

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.