Slotnik Capital LLC Invests $7.01 Million in Liberty Broadband Co. (NASDAQ:LBRDK)

Slotnik Capital LLC purchased a new position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 93,700 shares of the company's stock, valued at approximately $7,005,000. Liberty Broadband comprises 3.2% of Slotnik Capital LLC's investment portfolio, making the stock its 11th biggest position. Slotnik Capital LLC owned 0.07% of Liberty Broadband as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of LBRDK. The Manufacturers Life Insurance Company grew its holdings in shares of Liberty Broadband by 0.5% in the third quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company's stock worth $2,101,000 after acquiring an additional 125 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Liberty Broadband by 61.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock worth $30,000 after buying an additional 154 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Liberty Broadband by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 3,757 shares of the company's stock worth $281,000 after acquiring an additional 199 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in Liberty Broadband by 0.6% in the 4th quarter. Handelsbanken Fonder AB now owns 33,300 shares of the company's stock worth $2,490,000 after purchasing an additional 200 shares during the period. Finally, Wealthspire Advisors LLC raised its position in shares of Liberty Broadband by 5.7% during the 4th quarter. Wealthspire Advisors LLC now owns 4,543 shares of the company's stock valued at $340,000 after purchasing an additional 244 shares during the period. 80.22% of the stock is owned by institutional investors.

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Liberty Broadband Trading Up 2.2 %

LBRDK stock traded up $1.64 during midday trading on Tuesday, reaching $77.72. 214,472 shares of the company traded hands, compared to its average volume of 1,053,942. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $101.50. The firm has a market capitalization of $11.14 billion, a price-to-earnings ratio of 14.33 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The business has a 50 day moving average of $81.72 and a 200-day moving average of $81.28.

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 the consensus estimate of $3.67 by ($1.63). The firm had revenue of $253.00 million for the quarter, compared to the consensus estimate of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. As a group, sell-side analysts expect that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.