Farringdon Capital Ltd. purchased a new position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 11,442 shares of the company's stock, valued at approximately $855,000.
A number of other hedge funds also recently modified their holdings of LBRDK. Smartleaf Asset Management LLC increased its stake in Liberty Broadband by 61.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock valued at $30,000 after purchasing an additional 154 shares in the last quarter. Blue Trust Inc. lifted its position 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 purchasing an additional 266 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Liberty Broadband by 138.0% during the fourth 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. Lee Danner & Bass Inc. bought a new stake in shares of Liberty Broadband during the 4th quarter valued at $36,000. Finally, R Squared Ltd acquired a new stake in shares of Liberty Broadband in the 4th quarter valued at $37,000. Institutional investors own 80.22% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a research report on Tuesday. They set a "sell" rating for the company.
Check Out Our Latest Report on Liberty Broadband
Liberty Broadband Stock Performance
NASDAQ LBRDK traded up $1.74 on Tuesday, hitting $76.44. 135,398 shares of the stock traded hands, compared to its average volume of 1,039,805. The firm has a market capitalization of $10.95 billion, a price-to-earnings ratio of 14.08 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The business's fifty day moving average is $81.58 and its two-hundred day moving average is $81.48. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued 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 business had revenue of $253.00 million during the quarter, compared to analysts' expectations of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. As a group, equities analysts anticipate that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.
Liberty Broadband 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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