13,674 Shares in Liberty Broadband Corporation (NASDAQ:LBRDK) Bought by Highland Capital Management LLC

Highland Capital Management LLC bought a new position in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 13,674 shares of the company's stock, valued at approximately $1,163,000.

A number of other institutional investors also recently bought and sold shares of LBRDK. Deutsche Bank AG raised its holdings in Liberty Broadband by 125.6% in the 4th quarter. Deutsche Bank AG now owns 3,060,143 shares of the company's stock worth $228,776,000 after purchasing an additional 1,703,637 shares during the period. Madison Investment Advisors LLC bought a new position in Liberty Broadband in the 4th quarter worth $122,714,000. Norges Bank bought a new position in Liberty Broadband in the 4th quarter worth $100,845,000. Adage Capital Partners GP L.L.C. raised its holdings in Liberty Broadband by 425.3% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,231,136 shares of the company's stock worth $92,040,000 after purchasing an additional 996,764 shares during the period. Finally, Pentwater Capital Management LP raised its holdings in Liberty Broadband by 454.0% during the fourth quarter. Pentwater Capital Management LP now owns 1,108,000 shares of the company's stock valued at $82,834,000 after acquiring an additional 908,000 shares during the period. 80.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen started coverage on Liberty Broadband in a report on Friday, May 16th. They set a "sell" rating on the stock.

Liberty Broadband Trading Up 3.0%

Shares of LBRDK stock opened at $96.16 on Friday. Liberty Broadband Corporation has a 12-month low of $51.97 and a 12-month high of $104.00. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35. The stock's 50-day moving average price is $92.31 and its 200-day moving average price is $84.04. The stock has a market capitalization of $13.78 billion, a price-to-earnings ratio of 15.36 and a beta of 1.00.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 EPS for the quarter. The company had revenue of $256.00 million during the quarter. Liberty Broadband had a return on equity of 9.24% and a net margin of 88.10%. Equities research analysts predict that Liberty Broadband Corporation will post 7.71 EPS for the current fiscal 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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