Hudson Bay Capital Management LP purchased a new stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 125,000 shares of the company's stock, valued at approximately $9,345,000. Hudson Bay Capital Management LP owned approximately 0.09% of Liberty Broadband at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of LBRDK. Governors Lane LP acquired a new stake in shares of Liberty Broadband during the 4th quarter worth approximately $1,226,000. Graham Capital Management L.P. purchased a new position in Liberty Broadband in the 4th quarter valued at approximately $311,000. Focus Partners Wealth purchased a new position in Liberty Broadband in the 4th quarter valued at approximately $254,000. Empyrean Capital Partners LP purchased a new position in Liberty Broadband in the 4th quarter valued at approximately $23,965,000. Finally, First Manhattan CO. LLC. lifted its position in shares of Liberty Broadband by 4.6% during the 4th quarter. First Manhattan CO. LLC. now owns 128,083 shares of the company's stock worth $9,575,000 after purchasing an additional 5,607 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on shares of Liberty Broadband in a research report on Friday. They set a "sell" rating for the company.
Get Our Latest Stock Report on Liberty Broadband
Liberty Broadband Stock Performance
NASDAQ LBRDK traded up $3.98 during trading on Friday, reaching $101.29. The company's stock had a trading volume of 3,345,719 shares, compared to its average volume of 1,027,495. 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 firm has a market cap of $14.51 billion, a price-to-earnings ratio of 18.65 and a beta of 1.02. Liberty Broadband Co. has a twelve month low of $49.38 and a twelve month high of $104.00. The business's fifty day moving average price is $84.41 and its 200-day moving average price is $82.79.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 EPS for the quarter. The company had revenue of $256.00 million for the quarter. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. As a group, analysts anticipate that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.
Liberty Broadband Profile
(
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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