Benchstone Capital Management LP Makes New Investment in Liberty Broadband Co. (NASDAQ:LBRDK)

Benchstone Capital Management LP bought a new stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 551,384 shares of the company's stock, valued at approximately $41,221,000. Liberty Broadband makes up approximately 4.3% of Benchstone Capital Management LP's portfolio, making the stock its 6th largest position. Benchstone Capital Management LP owned about 0.39% of Liberty Broadband at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Madison Investment Advisors LLC bought a new stake in shares of Liberty Broadband in the 4th quarter worth approximately $122,714,000. Norges Bank purchased a new position in Liberty Broadband in the 4th quarter worth about $100,845,000. Adage Capital Partners GP L.L.C. lifted its position in Liberty Broadband by 425.3% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,231,136 shares of the company's stock valued at $92,040,000 after purchasing an additional 996,764 shares during the period. Pentwater Capital Management LP lifted its holdings in shares of Liberty Broadband by 454.0% during the 4th quarter. Pentwater Capital Management LP now owns 1,108,000 shares of the company's stock valued at $82,834,000 after buying an additional 908,000 shares during the period. Finally, Makaira Partners LLC boosted its position in Liberty Broadband by 219.6% in the fourth quarter. Makaira Partners LLC now owns 1,244,270 shares of the company's stock worth $93,022,000 after purchasing an additional 854,954 shares during the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Stock Performance

Shares of NASDAQ:LBRDK traded down $0.57 during mid-day trading on Friday, reaching $93.03. 244,725 shares of the company traded hands, compared to its average volume of 1,023,296. 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 52 week low of $49.38 and a 52 week high of $101.50. The firm has a market cap of $13.33 billion, a PE ratio of 17.13 and a beta of 1.02. The company's 50 day moving average price is $83.10 and its 200-day moving average price is $82.17.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 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%. On average, equities analysts expect that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Liberty Broadband in a report on Thursday. They set a "sell" rating for the company.

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.