Canada Pension Plan Investment Board Increases Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Canada Pension Plan Investment Board lifted its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 331.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 228,200 shares of the company's stock after acquiring an additional 175,300 shares during the period. Canada Pension Plan Investment Board owned approximately 0.16% of Liberty Broadband worth $17,060,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Liberty Broadband by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company's stock valued at $827,176,000 after purchasing an additional 95,599 shares in the last quarter. Barclays PLC boosted its holdings in Liberty Broadband by 6.4% during the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company's stock valued at $533,251,000 after acquiring an additional 415,496 shares during the period. Assenagon Asset Management S.A. grew its position in Liberty Broadband by 23.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company's stock worth $268,045,000 after acquiring an additional 686,089 shares during the last quarter. Finepoint Capital LP lifted its position in Liberty Broadband by 1.1% in the fourth quarter. Finepoint Capital LP now owns 2,015,710 shares of the company's stock valued at $150,694,000 after purchasing an additional 21,200 shares during the last quarter. Finally, Madison Investment Advisors LLC purchased a new stake in shares of Liberty Broadband during the fourth quarter valued at approximately $122,714,000. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Trading Up 11.5 %

Shares of NASDAQ:LBRDK traded up $8.87 on Friday, hitting $86.23. The company had a trading volume of 1,177,687 shares, compared to its average volume of 1,044,404. Liberty Broadband Co. has a 1 year low of $46.46 and a 1 year high of $101.50. The firm's 50-day simple moving average is $81.44 and its two-hundred day simple moving average is $81.48. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $12.36 billion, a price-to-earnings ratio of 15.88 and a beta of 1.03.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its quarterly earnings data 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 for 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%. Equities analysts anticipate that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a research report on Tuesday. They issued a "sell" rating on the stock.

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.