Virtu Financial LLC Raises Position in Liberty Broadband Co. (NASDAQ:LBRDA)

Virtu Financial LLC lifted its holdings in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 199.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,135 shares of the company's stock after purchasing an additional 71,354 shares during the period. Liberty Broadband comprises about 0.4% of Virtu Financial LLC's portfolio, making the stock its 28th largest holding. Virtu Financial LLC owned 0.07% of Liberty Broadband worth $7,967,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Corient Private Wealth LLC lifted its stake in Liberty Broadband by 13.4% in the 4th quarter. Corient Private Wealth LLC now owns 4,943 shares of the company's stock valued at $368,000 after buying an additional 583 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Liberty Broadband by 891.9% in the fourth quarter. Farther Finance Advisors LLC now owns 367 shares of the company's stock worth $27,000 after acquiring an additional 330 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in Liberty Broadband during the 4th quarter worth $35,441,000. Moran Wealth Management LLC purchased a new stake in shares of Liberty Broadband during the fourth quarter worth $2,447,000. Finally, AlphaQuest LLC raised its position in shares of Liberty Broadband by 4,115.0% in the fourth quarter. AlphaQuest LLC now owns 843 shares of the company's stock valued at $63,000 after buying an additional 823 shares during the last quarter. Institutional investors and hedge funds own 10.29% of the company's stock.

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Liberty Broadband Trading Up 2.8 %

LBRDA traded up $2.39 during trading hours on Wednesday, reaching $88.43. The company's stock had a trading volume of 101,778 shares, compared to its average volume of 149,961. Liberty Broadband Co. has a fifty-two week low of $47.17 and a fifty-two week high of $100.44. 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 stock has a market cap of $12.67 billion, a PE ratio of 16.29 and a beta of 1.08. The business's 50-day moving average is $79.94 and its 200-day moving average is $79.16.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.31. The company had revenue of $263.00 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%.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.