Sellaronda Global Management LP bought a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 70,000 shares of the company's stock, valued at approximately $5,233,000. Liberty Broadband comprises about 5.3% of Sellaronda Global Management LP's investment portfolio, making the stock its 10th largest holding.
Other institutional investors and hedge funds also recently modified their holdings of the company. Groupama Asset Managment acquired a new stake in Liberty Broadband in the third quarter worth $25,000. Quarry LP bought a new position in shares of Liberty Broadband during the third quarter worth about $28,000. Smartleaf Asset Management LLC increased its holdings in shares of Liberty Broadband by 61.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock worth $30,000 after acquiring an additional 154 shares during the period. Blue Trust Inc. lifted its position in Liberty Broadband by 134.3% in the 4th quarter. Blue Trust Inc. now owns 464 shares of the company's stock valued at $36,000 after purchasing an additional 266 shares during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new position in Liberty Broadband during the 4th quarter valued at about $36,000. 80.22% of the stock is owned by institutional investors and hedge funds.
Liberty Broadband Stock Performance
Shares of LBRDK traded down $0.14 during trading hours on Friday, reaching $76.84. 370,687 shares of the company's stock traded hands, compared to its average volume of 1,053,202. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $101.50. The business's fifty day simple moving average is $81.66 and its two-hundred day simple moving average is $81.46. 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 firm has a market capitalization of $11.01 billion, a price-to-earnings ratio of 14.15 and a beta of 1.03.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing the consensus estimate of $3.67 by ($1.63). The company had revenue of $253.00 million for the quarter, compared to analyst estimates of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. Analysts predict that Liberty Broadband Co. will post 7.71 earnings per share for the current year.
Analysts Set New Price Targets
Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a research note on Sunday, April 6th. They issued a "sell" rating on the stock.
Get Our Latest Analysis on LBRDK
About Liberty Broadband
(
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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