Kovitz Investment Group Partners LLC Makes New $255,000 Investment in Liberty Broadband Co. (NASDAQ:LBRDK)

Kovitz Investment Group Partners LLC purchased a new position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,416 shares of the company's stock, valued at approximately $255,000.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC increased its holdings in Liberty Broadband by 6.4% during the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company's stock worth $533,251,000 after acquiring an additional 415,496 shares during the period. Tidal Investments LLC purchased a new stake in shares of Liberty Broadband in the third quarter worth $217,000. Franklin Resources Inc. bought a new stake in Liberty Broadband during the third quarter valued at $175,000. Everence Capital Management Inc. purchased a new position in Liberty Broadband during the fourth quarter worth about $229,000. Finally, Fiduciary Alliance LLC bought a new position in Liberty Broadband in the 4th quarter worth about $376,000. 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 Liberty Broadband in a report on Wednesday, April 30th. They set a "sell" rating for the company.

Liberty Broadband Price Performance

NASDAQ LBRDK traded up $1.76 during trading hours on Tuesday, reaching $93.54. 795,316 shares of the stock traded hands, compared to its average volume of 1,036,708. The stock has a 50 day simple moving average of $82.44 and a two-hundred day simple moving average of $81.90. Liberty Broadband Co. has a 1 year low of $49.38 and a 1 year high of $101.50. 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 company has a market cap of $13.40 billion, a price-to-earnings ratio of 17.23 and a beta of 1.03.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing analysts' consensus estimates of $3.67 by ($1.63). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The business had revenue of $253.00 million during the quarter, compared to analysts' expectations of $252.50 million. On average, analysts predict that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.

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.