Cubist Systematic Strategies LLC Acquires New Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Cubist Systematic Strategies LLC bought a new stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 47,841 shares of the company's stock, valued at approximately $3,577,000.

Several other large investors have also recently bought and sold shares of LBRDK. Smartleaf Asset Management LLC boosted its holdings in Liberty Broadband by 61.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock worth $30,000 after acquiring an additional 154 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company's stock worth $36,000 after acquiring an additional 266 shares during the period. Jones Financial Companies Lllp boosted its holdings in Liberty Broadband by 138.0% in the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company's stock worth $36,000 after buying an additional 283 shares during the period. Lee Danner & Bass Inc. purchased a new position in Liberty Broadband during the 4th quarter valued at about $36,000. Finally, R Squared Ltd purchased a new position in shares of Liberty Broadband during the 4th quarter valued at $37,000. 80.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Liberty Broadband in a research note on Thursday, May 8th. They set a "sell" rating on the stock.

Liberty Broadband Trading Up 1.9%

Shares of LBRDK stock traded up $1.82 during trading hours on Tuesday, reaching $95.25. The company's stock had a trading volume of 863,767 shares, compared to its average volume of 1,025,033. 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 Co. has a one year low of $49.38 and a one year high of $101.50. The firm's fifty day simple moving average is $83.41 and its 200 day simple moving average is $82.35. The stock has a market capitalization of $13.65 billion, a P/E ratio of 17.54 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $256.00 million during the quarter. Equities research analysts expect that Liberty Broadband Co. will post 7.71 EPS 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.