Raymond James Financial Inc. purchased a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 12,699 shares of the company's stock, valued at approximately $949,000.
A number of other hedge funds have also recently made changes to their positions in the company. Barclays PLC raised its position in shares of Liberty Broadband by 6.4% in the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company's stock worth $533,251,000 after acquiring an additional 415,496 shares in the last quarter. ABC Arbitrage SA acquired a new stake in Liberty Broadband during the fourth quarter worth approximately $563,000. Wolverine Asset Management LLC increased its holdings in Liberty Broadband by 458.8% in the fourth quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company's stock worth $710,000 after purchasing an additional 7,799 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in Liberty Broadband by 54.8% in the third quarter. Point72 Asset Management L.P. now owns 294,641 shares of the company's stock valued at $22,773,000 after buying an additional 104,272 shares during the period. Finally, Everence Capital Management Inc. bought a new position in shares of Liberty Broadband during the 4th quarter worth approximately $229,000. 80.22% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on shares of Liberty Broadband in a research report on Sunday. They set a "sell" rating on the stock.
Read Our Latest Research Report on Liberty Broadband
Liberty Broadband Stock Up 8.3 %
Liberty Broadband stock traded up $6.12 during midday trading on Wednesday, reaching $79.77. The stock had a trading volume of 1,161,161 shares, compared to its average volume of 1,058,164. The company has a fifty day moving average price of $81.62 and a two-hundred day moving average price of $81.44. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50. 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 company has a market capitalization of $11.43 billion, a P/E ratio of 14.69 and a beta of 1.03.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing the consensus estimate of $3.67 by ($1.63). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $253.00 million for the quarter, compared to the consensus estimate of $252.50 million. As a group, equities analysts expect that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.
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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