Adage Capital Partners GP L.L.C. Boosts Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Adage Capital Partners GP L.L.C. grew its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 425.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,231,136 shares of the company's stock after acquiring an additional 996,764 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.86% of Liberty Broadband worth $92,040,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of LBRDK. Smartleaf Asset Management LLC raised its holdings in shares of Liberty Broadband by 61.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock valued at $30,000 after buying an additional 154 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company's stock valued at $36,000 after buying an additional 266 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in shares of Liberty Broadband during the 4th quarter valued at about $36,000. Jones Financial Companies Lllp raised its holdings in shares of Liberty Broadband by 138.0% during the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company's stock valued at $36,000 after buying an additional 283 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of Liberty Broadband during the 4th quarter valued at about $37,000. Institutional investors own 80.22% of the company's stock.

Liberty Broadband Trading Up 1.0 %

LBRDK traded up $0.84 during trading on Tuesday, hitting $87.77. 421,268 shares of the stock traded hands, compared to its average volume of 1,037,361. The firm has a market capitalization of $12.58 billion, a P/E ratio of 16.14 and a beta of 1.03. 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 firm has a 50-day moving average of $81.55 and a 200 day moving average of $81.56. Liberty Broadband Co. has a 12-month low of $48.89 and a 12-month high of $101.50.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $3.67 by ($1.63). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $253.00 million for the quarter, compared to analysts' expectations of $252.50 million. Equities research analysts anticipate that Liberty Broadband Co. will post 7.71 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Liberty Broadband in a report on Tuesday, April 22nd. They issued a "sell" rating on the stock.

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.