Norges Bank purchased a new stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,348,913 shares of the company's stock, valued at approximately $100,845,000. Norges Bank owned approximately 0.94% of Liberty Broadband as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in LBRDK. Cerity Partners LLC raised its holdings in shares of Liberty Broadband by 8.3% in the third quarter. Cerity Partners LLC now owns 7,357 shares of the company's stock valued at $569,000 after purchasing an additional 562 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Liberty Broadband by 0.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company's stock valued at $2,101,000 after buying an additional 125 shares during the last quarter. FMR LLC lifted its position in Liberty Broadband by 104.4% during the 3rd quarter. FMR LLC now owns 563,964 shares of the company's stock worth $43,589,000 after buying an additional 288,078 shares in the last quarter. Walleye Capital LLC acquired a new position in shares of Liberty Broadband during the 3rd quarter worth about $2,253,000. Finally, Captrust Financial Advisors grew its holdings in shares of Liberty Broadband by 15.3% in the 3rd quarter. Captrust Financial Advisors now owns 4,417 shares of the company's stock valued at $341,000 after acquiring an additional 586 shares in the last quarter. 80.22% of the stock is owned by institutional investors.
Liberty Broadband Stock Performance
NASDAQ LBRDK traded down $7.42 on Friday, hitting $77.10. 1,180,981 shares of the stock were exchanged, compared to its average volume of 1,056,246. The business's fifty day moving average is $81.82 and its 200 day moving average is $81.18. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50. The company has a market capitalization of $11.05 billion, a PE ratio of 14.20 and a beta of 1.03. 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 issued its earnings results 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 firm had revenue of $253.00 million during the quarter, compared to analyst estimates of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. Research analysts anticipate that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, StockNews.com began coverage on Liberty Broadband in a research report on Sunday. They set a "sell" rating for the company.
Read Our Latest Report on Liberty Broadband
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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