National Bank of Canada FI Grows Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

National Bank of Canada FI boosted its stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 74.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 79,816 shares of the company's stock after buying an additional 34,007 shares during the period. National Bank of Canada FI owned approximately 0.06% of Liberty Broadband worth $5,967,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LBRDK. Madison Investment Advisors LLC purchased a new position in shares of Liberty Broadband during the fourth quarter worth $122,714,000. Norges Bank acquired a new position in Liberty Broadband during the 4th quarter worth about $100,845,000. Assenagon Asset Management S.A. boosted its holdings in Liberty Broadband by 23.7% during 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 acquiring an additional 686,089 shares during the period. Magnetar Financial LLC acquired a new position in Liberty Broadband in the 4th quarter valued at about $46,906,000. Finally, Barclays PLC increased its stake in Liberty Broadband by 6.4% during the third quarter. Barclays PLC now owns 6,899,331 shares of the company's stock worth $533,251,000 after purchasing an additional 415,496 shares during the period. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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Liberty Broadband Stock Down 0.2 %

Shares of NASDAQ LBRDK traded down $0.14 during mid-day trading on Friday, hitting $76.84. The company had a trading volume of 370,687 shares, compared to its average volume of 1,053,202. The company has a market capitalization of $11.01 billion, a PE ratio of 14.15 and a beta of 1.03. The business's 50-day simple moving average is $81.66 and its 200 day simple moving average is $81.46. 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.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (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 company had revenue of $253.00 million during the quarter, compared to analyst estimates of $252.50 million. On average, analysts predict 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.