Benchstone Capital Management LP Takes Position in Liberty Broadband Co. (NASDAQ:LBRDK)

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

A number of other institutional investors have also modified their holdings of LBRDK. Ameriprise Financial Inc. increased its stake in shares of Liberty Broadband by 0.5% during the 4th quarter. Ameriprise Financial Inc. now owns 27,909 shares of the company's stock valued at $2,086,000 after acquiring an additional 131 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Liberty Broadband by 61.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock worth $30,000 after purchasing an additional 154 shares during the last quarter. CIBC Asset Management Inc raised its stake in Liberty Broadband by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 3,757 shares of the company's stock worth $281,000 after purchasing an additional 199 shares during the period. Handelsbanken Fonder AB boosted its holdings in shares of Liberty Broadband by 0.6% in the 4th quarter. Handelsbanken Fonder AB now owns 33,300 shares of the company's stock valued at $2,490,000 after purchasing an additional 200 shares during the last quarter. Finally, Wealthspire Advisors LLC grew its stake in shares of Liberty Broadband by 5.7% during the 4th quarter. Wealthspire Advisors LLC now owns 4,543 shares of the company's stock valued at $340,000 after buying an additional 244 shares during the period. Institutional investors and hedge funds own 80.22% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Liberty Broadband in a research report on Wednesday, April 30th. They issued a "sell" rating on the stock.

Liberty Broadband Trading Down 0.1 %

NASDAQ LBRDK traded down $0.07 during mid-day trading on Wednesday, hitting $93.47. The company's stock had a trading volume of 782,307 shares, compared to its average volume of 1,029,137. 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 stock's fifty day simple moving average is $82.69 and its two-hundred day simple moving average is $81.98. The firm has a market capitalization of $13.39 billion, a P/E ratio of 17.21 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. Research analysts expect that Liberty Broadband Co. will post 7.71 EPS for the current 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.