Blackstone Inc. bought a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,204 shares of the company's stock, valued at approximately $539,000.
Other large investors have also recently made changes to their positions in the company. Barclays PLC raised its position in shares of Liberty Broadband by 6.4% in 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 in the last quarter. Tidal Investments LLC purchased a new stake in Liberty Broadband during the 3rd quarter worth approximately $217,000. Everence Capital Management Inc. acquired a new stake in shares of Liberty Broadband during the fourth quarter worth $229,000. Fiduciary Alliance LLC acquired a new position in shares of Liberty Broadband in the 4th quarter valued at $376,000. Finally, Oak Thistle LLC raised its stake in shares of Liberty Broadband by 146.1% in the fourth quarter. Oak Thistle LLC now owns 7,020 shares of the company's stock worth $525,000 after purchasing an additional 4,167 shares during the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.
Liberty Broadband Trading Down 0.7 %
NASDAQ LBRDK traded down $0.63 during trading hours on Friday, reaching $92.97. The company had a trading volume of 634,700 shares, compared to its average volume of 1,024,552. Liberty Broadband Co. has a 1-year low of $49.38 and a 1-year high of $101.50. The stock has a market capitalization of $13.32 billion, a P/E ratio of 17.12 and a beta of 1.02. The stock has a 50-day moving average of $83.28 and a 200 day moving average of $82.26. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter. The company had revenue of $256.00 million during the quarter. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. As a group, research analysts anticipate that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on Liberty Broadband in a research report on Thursday. They set a "sell" rating on the stock.
Get Our Latest Analysis on Liberty Broadband
Liberty Broadband Company Profile
(
Free Report)
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.
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