Liberty Broadband Co. (NASDAQ:LBRDK) Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. increased its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 55,085 shares of the company's stock after purchasing an additional 3,897 shares during the quarter. Alliancebernstein L.P.'s holdings in Liberty Broadband were worth $4,118,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Barclays PLC grew its stake in shares of Liberty Broadband by 6.4% in the third quarter. Barclays PLC now owns 6,899,331 shares of the company's stock valued at $533,251,000 after buying an additional 415,496 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Liberty Broadband by 1.6% during the third quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company's stock valued at $155,736,000 after purchasing an additional 31,484 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Liberty Broadband during the third quarter worth $225,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Liberty Broadband in the third quarter valued at $8,773,000. Finally, Tidal Investments LLC acquired a new stake in Liberty Broadband during the 3rd quarter valued at $217,000. Hedge funds and other institutional investors own 80.22% of the company's stock.

Liberty Broadband Stock Up 2.1 %

Shares of NASDAQ:LBRDK traded up $1.62 during midday trading on Friday, reaching $78.22. The company had a trading volume of 661,821 shares, compared to its average volume of 1,045,077. The stock has a market capitalization of $11.21 billion, a P/E ratio of 14.41 and a beta of 1.03. The stock's fifty day moving average price is $81.68 and its 200-day moving average price is $81.46. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. Liberty Broadband Co. has a one year low of $46.46 and a one year high of $101.50.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Liberty Broadband in a research report on Monday. They set 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.