59,042 Shares in Liberty Broadband Co. (NASDAQ:LBRDA) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 59,042 shares of the company's stock, valued at approximately $4,390,000.

Other hedge funds also recently bought and sold shares of the company. Verition Fund Management LLC acquired a new stake in shares of Liberty Broadband in the third quarter worth approximately $6,402,000. Mirabella Financial Services LLP acquired a new stake in shares of Liberty Broadband in the third quarter worth approximately $3,669,000. Seizert Capital Partners LLC boosted its position in shares of Liberty Broadband by 7.5% in the fourth quarter. Seizert Capital Partners LLC now owns 423,895 shares of the company's stock worth $31,521,000 after acquiring an additional 29,477 shares during the last quarter. Centiva Capital LP acquired a new position in Liberty Broadband during the third quarter valued at approximately $2,261,000. Finally, FMR LLC lifted its position in Liberty Broadband by 1.0% during the third quarter. FMR LLC now owns 2,761,528 shares of the company's stock valued at $212,141,000 after buying an additional 26,241 shares in the last quarter. Hedge funds and other institutional investors own 10.29% of the company's stock.

Liberty Broadband Trading Up 0.5 %

LBRDA stock traded up $0.38 during midday trading on Friday, reaching $83.42. 148,739 shares of the company's stock traded hands, compared to its average volume of 149,832. The company has a market capitalization of $11.95 billion, a P/E ratio of 15.36 and a beta of 1.08. 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 Co. has a fifty-two week low of $47.17 and a fifty-two week high of $100.44. The business has a 50-day moving average price of $79.29 and a two-hundred day moving average price of $78.39.

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Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.31. The company had revenue of $263.00 million for 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%.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.