Raymond James Financial Inc. purchased a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 12,699 shares of the company's stock, valued at approximately $949,000.
A number of other hedge funds have also recently made changes to their positions in the company. Sellaronda Global Management LP bought a new stake in Liberty Broadband in the fourth quarter worth $5,233,000. Renaissance Technologies LLC boosted its position in Liberty Broadband by 675.8% during the fourth quarter. Renaissance Technologies LLC now owns 297,711 shares of the company's stock valued at $22,257,000 after buying an additional 259,336 shares during the period. Finepoint Capital LP boosted its position in Liberty Broadband by 1.1% during the fourth quarter. Finepoint Capital LP now owns 2,015,710 shares of the company's stock valued at $150,694,000 after buying an additional 21,200 shares during the period. Russell Investments Group Ltd. boosted its position in Liberty Broadband by 10.4% during the fourth quarter. Russell Investments Group Ltd. now owns 12,919 shares of the company's stock valued at $966,000 after buying an additional 1,218 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its position in Liberty Broadband by 0.3% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 484,887 shares of the company's stock valued at $36,250,000 after buying an additional 1,345 shares during the period. 80.22% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a research note on Thursday. They issued a "sell" rating for the company.
View Our Latest Report on LBRDK
Liberty Broadband Stock Down 0.7%
Shares of LBRDK traded down $0.63 on Friday, hitting $92.97. 634,700 shares of the stock traded hands, compared to its average volume of 1,024,552. The company has a market capitalization of $13.32 billion, a PE ratio of 17.12 and a beta of 1.02. 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 simple moving average of $83.28 and a 200 day simple moving average of $82.27. 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 issued its earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share (EPS) for the quarter. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The company had revenue of $256.00 million for the quarter. As a group, equities analysts forecast that Liberty Broadband Co. will post 7.71 earnings per share 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.
Featured Articles
Before you consider Liberty Broadband, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Liberty Broadband wasn't on the list.
While Liberty Broadband currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
