Blackstone Inc. Takes Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Blackstone Inc. purchased a new position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,204 shares of the company's stock, valued at approximately $539,000.

A number of other hedge funds also recently bought and sold shares of the business. Smartleaf Asset Management LLC increased its stake in Liberty Broadband by 61.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock worth $30,000 after buying an additional 154 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Liberty Broadband by 134.3% in the fourth quarter. Blue Trust Inc. now owns 464 shares of the company's stock worth $36,000 after acquiring an additional 266 shares during the last quarter. Lee Danner & Bass Inc. purchased a new stake in shares of Liberty Broadband during the fourth quarter worth approximately $36,000. Jones Financial Companies Lllp raised its stake in Liberty Broadband by 138.0% in the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company's stock valued at $36,000 after purchasing an additional 283 shares during the last quarter. Finally, R Squared Ltd purchased a new position in Liberty Broadband in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 80.22% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Liberty Broadband in a research note on Wednesday, April 30th. They issued a "sell" rating on the stock.

Liberty Broadband Stock Up 2.5 %

NASDAQ LBRDK opened at $91.78 on Tuesday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a 52 week low of $49.38 and a 52 week high of $101.50. The business's fifty day simple moving average is $82.44 and its 200-day simple moving average is $81.90. The firm has a market cap of $13.15 billion, a PE ratio of 16.90 and a beta of 1.03.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted 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). The firm had revenue of $253.00 million during the quarter, compared to analysts' expectations of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. As a group, equities analysts anticipate that Liberty Broadband Co. will post 7.71 earnings per share for the current year.

Liberty Broadband Company 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.

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