Proficio Capital Partners LLC Makes New $3.59 Million Investment in Liberty Broadband Co. (NASDAQ:LBRDK)

Proficio Capital Partners LLC acquired a new stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 47,996 shares of the company's stock, valued at approximately $3,588,000.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC grew its holdings in Liberty Broadband by 6.4% during the third quarter. Barclays PLC now owns 6,899,331 shares of the company's stock valued at $533,251,000 after purchasing an additional 415,496 shares during the period. ABC Arbitrage SA purchased a new stake in Liberty Broadband in the 4th quarter worth about $563,000. Wolverine Asset Management LLC raised its stake in Liberty Broadband by 458.8% in the 4th quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company's stock valued at $710,000 after acquiring an additional 7,799 shares during the period. Point72 Asset Management L.P. lifted its holdings in Liberty Broadband by 54.8% during the third quarter. Point72 Asset Management L.P. now owns 294,641 shares of the company's stock valued at $22,773,000 after purchasing an additional 104,272 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new position in Liberty Broadband during the fourth quarter worth about $229,000. Institutional investors own 80.22% of the company's stock.

Liberty Broadband Price Performance

NASDAQ:LBRDK traded up $0.15 during trading hours on Friday, hitting $83.69. 812,146 shares of the company's stock traded hands, compared to its average volume of 1,009,522. The firm has a market cap of $11.99 billion, a P/E ratio of 15.41 and a beta of 1.06. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The business's fifty day simple moving average is $79.95 and its two-hundred day simple moving average is $79.06. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50.

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Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing analysts' consensus estimates of $3.67 by ($1.63). The company had revenue of $253.00 million during the quarter, compared to the consensus estimate of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. On average, research analysts anticipate that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Liberty Broadband in a report on Friday. They set a "sell" rating on the stock.

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.