Raymond James Financial Inc. bought a new stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,699 shares of the company's stock, valued at approximately $949,000.
Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Liberty Broadband by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company's stock worth $827,176,000 after purchasing an additional 95,599 shares during the last quarter. Barclays PLC increased its stake in Liberty Broadband by 6.4% during the third quarter. Barclays PLC now owns 6,899,331 shares of the company's stock valued at $533,251,000 after acquiring an additional 415,496 shares during the period. Assenagon Asset Management S.A. raised its holdings in Liberty Broadband by 23.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company's stock valued at $268,045,000 after acquiring an additional 686,089 shares in the last quarter. Finepoint Capital LP lifted its position in shares of Liberty Broadband by 1.1% in the 4th quarter. Finepoint Capital LP now owns 2,015,710 shares of the company's stock worth $150,694,000 after acquiring an additional 21,200 shares during the period. Finally, Madison Investment Advisors LLC acquired a new stake in shares of Liberty Broadband during the 4th quarter worth approximately $122,714,000. 80.22% of the stock is owned by institutional investors.
Liberty Broadband Price Performance
Shares of LBRDK traded down $0.63 during mid-day trading on Friday, hitting $92.97. 634,700 shares of the company traded hands, compared to its average volume of 1,024,797. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $13.32 billion, a price-to-earnings ratio of 17.12 and a beta of 1.02. The business has a 50-day moving average of $83.10 and a 200 day moving average of $82.17. Liberty Broadband Co. has a one year low of $49.38 and a one year high of $101.50.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share (EPS) for the quarter. The business had revenue of $256.00 million for the quarter. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. As a group, equities analysts expect that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on Liberty Broadband in a research note on Thursday. They issued a "sell" rating on the stock.
Check Out 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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