Oak Thistle LLC Purchases 4,167 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Oak Thistle LLC grew its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 146.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,020 shares of the company's stock after buying an additional 4,167 shares during the period. Oak Thistle LLC's holdings in Liberty Broadband were worth $525,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LBRDK. Groupama Asset Managment bought a new position in Liberty Broadband in the 3rd quarter worth approximately $25,000. Quarry LP bought a new position in shares of Liberty Broadband in the third quarter worth $28,000. GAMMA Investing LLC boosted its holdings in shares of Liberty Broadband by 200.7% in the third quarter. GAMMA Investing LLC now owns 424 shares of the company's stock worth $33,000 after acquiring an additional 283 shares during the period. Capital Advisors Ltd. LLC grew its position in shares of Liberty Broadband by 75.8% in the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company's stock valued at $34,000 after purchasing an additional 191 shares in the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Liberty Broadband during the 3rd quarter valued at $82,000. Institutional investors own 80.22% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Liberty Broadband in a report on Thursday. They set a "sell" rating for the company.

Insider Activity at Liberty Broadband

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of the business's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total value of $9,967,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,435,256 shares of the company's stock, valued at $114,447,313.44. The trade was a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders have sold 196,542 shares of company stock valued at $15,834,108. Corporate insiders own 10.80% of the company's stock.

Liberty Broadband Price Performance

Shares of NASDAQ LBRDK traded up $0.65 during midday trading on Friday, hitting $76.50. 535,390 shares of the company's stock were exchanged, compared to its average volume of 817,508. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The business's fifty day moving average price is $82.33 and its two-hundred day moving average price is $72.71. The company has a market cap of $10.93 billion, a price-to-earnings ratio of 14.09 and a beta of 1.04. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $101.50.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $2.68 by ($1.69). The company had revenue of $262.00 million during the quarter, compared to analysts' expectations of $237.41 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same period in the prior year, the firm earned $1.10 EPS. As a group, research analysts forecast that Liberty Broadband Co. will post 7.71 EPS for the current fiscal 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.