Proficio Capital Partners LLC Buys New Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Proficio Capital Partners LLC acquired a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 47,996 shares of the company's stock, valued at approximately $3,588,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. International Assets Investment Management LLC increased its holdings in shares of Liberty Broadband by 9,029.0% in the 3rd quarter. International Assets Investment Management LLC now owns 12,598 shares of the company's stock valued at $974,000 after acquiring an additional 12,460 shares during the last quarter. Forum Financial Management LP bought a new stake in shares of Liberty Broadband in the 3rd quarter valued at approximately $215,000. Atria Investments Inc bought a new stake in shares of Liberty Broadband in the 3rd quarter valued at approximately $254,000. Venturi Wealth Management LLC increased its holdings in shares of Liberty Broadband by 45.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 4,242 shares of the company's stock valued at $328,000 after acquiring an additional 1,328 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of Liberty Broadband by 2.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 40,621 shares of the company's stock valued at $3,140,000 after acquiring an additional 1,052 shares during the last quarter. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Stock Performance

NASDAQ:LBRDK traded down $0.26 during midday trading on Friday, reaching $87.13. 808,059 shares of the company traded hands, compared to its average volume of 860,805. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $101.50. The firm has a market capitalization of $12.45 billion, a price-to-earnings ratio of 16.05 and a beta of 1.06. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The company has a fifty day moving average price of $78.88 and a 200 day moving average price of $77.85.

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Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $252.50 million. On average, analysts expect that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other Liberty Broadband news, CEO Gregory B. Maffei sold 71,500 shares of the business's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $82.00, for a total transaction of $5,863,000.00. Following the completion of the transaction, the chief executive officer now owns 2,827,013 shares in the company, valued at approximately $231,815,066. The trade was a 2.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 10.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Liberty Broadband in a report on Wednesday. They issued a "sell" rating for the company.

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.