Rothschild & Co Wealth Management UK Ltd Acquires 6,841 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Rothschild & Co Wealth Management UK Ltd lifted its stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 838,969 shares of the company's stock after acquiring an additional 6,841 shares during the quarter. Liberty Broadband makes up approximately 1.1% of Rothschild & Co Wealth Management UK Ltd's investment portfolio, making the stock its 13th largest position. Rothschild & Co Wealth Management UK Ltd owned approximately 0.59% of Liberty Broadband worth $62,721,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Atomi Financial Group Inc. acquired a new stake in Liberty Broadband in the fourth quarter valued at $210,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Liberty Broadband by 28,620.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,436 shares of the company's stock valued at $107,000 after purchasing an additional 1,431 shares during the period. Empirical Asset Management LLC acquired a new stake in Liberty Broadband in the 4th quarter valued at about $3,817,000. Sendero Wealth Management LLC grew its holdings in Liberty Broadband by 4.3% during the fourth quarter. Sendero Wealth Management LLC now owns 53,892 shares of the company's stock worth $4,029,000 after purchasing an additional 2,225 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in Liberty Broadband by 23.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company's stock valued at $268,045,000 after buying an additional 686,089 shares during the period. Institutional investors own 80.22% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Liberty Broadband in a research note on Thursday, January 16th. They issued a "sell" rating on the stock.

Liberty Broadband Price Performance

Shares of NASDAQ LBRDK traded up $2.07 during midday trading on Thursday, reaching $79.40. 1,088,219 shares of the company were exchanged, compared to its average volume of 899,037. The stock's 50-day moving average price is $80.32 and its 200-day moving average price is $73.48. The stock has a market cap of $11.34 billion, a P/E ratio of 14.62 and a beta of 1.04. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a one year low of $46.46 and a one year high of $101.50.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($1.69). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $262.00 million for the quarter, compared to the consensus estimate of $237.41 million. During the same quarter last year, the firm posted $1.10 earnings per share. On average, sell-side analysts anticipate that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Gregory B. Maffei sold 125,000 shares of the business's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total value of $9,967,500.00. Following the transaction, the chief executive officer now owns 1,435,256 shares in the company, valued at $114,447,313.44. The trade was a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders sold 196,542 shares of company stock valued at $15,834,108. Company insiders own 10.80% of the company's stock.

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.