Renaissance Technologies LLC Purchases 259,336 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Renaissance Technologies LLC grew its position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 675.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 297,711 shares of the company's stock after purchasing an additional 259,336 shares during the period. Renaissance Technologies LLC owned about 0.21% of Liberty Broadband worth $22,257,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Captrust Financial Advisors raised its holdings in shares of Liberty Broadband by 15.3% during the 3rd quarter. Captrust Financial Advisors now owns 4,417 shares of the company's stock valued at $341,000 after purchasing an additional 586 shares in the last quarter. Stifel Financial Corp raised its holdings in Liberty Broadband by 1.5% during the third quarter. Stifel Financial Corp now owns 94,461 shares of the company's stock valued at $7,301,000 after buying an additional 1,409 shares in the last quarter. Barclays PLC lifted its position in shares of Liberty Broadband by 6.4% in the third quarter. Barclays PLC now owns 6,899,331 shares of the company's stock worth $533,251,000 after buying an additional 415,496 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Liberty Broadband by 1.6% in the third quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company's stock worth $155,736,000 after buying an additional 31,484 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Liberty Broadband during the 3rd quarter worth about $225,000. 80.22% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

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

Liberty Broadband Stock Performance

LBRDK traded up $0.72 during trading on Tuesday, hitting $79.00. The stock had a trading volume of 413,180 shares, compared to its average volume of 1,048,460. The firm has a market cap of $11.32 billion, a PE ratio of 14.55 and a beta of 1.03. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50. The company has a 50 day simple moving average of $81.68 and a 200-day simple moving average of $81.49.

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