Assenagon Asset Management S.A. lowered its position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 9.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,234,655 shares of the company's stock after selling 350,752 shares during the quarter. Assenagon Asset Management S.A. owned approximately 2.26% of Liberty Broadband worth $275,107,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Liberty Broadband during the 1st quarter worth about $2,430,000. Gateway Investment Advisers LLC acquired a new position in Liberty Broadband in the 1st quarter valued at approximately $216,000. Contravisory Investment Management Inc. acquired a new position in Liberty Broadband in the 1st quarter valued at approximately $9,286,000. GAMMA Investing LLC raised its holdings in shares of Liberty Broadband by 6,562.2% in the 1st quarter. GAMMA Investing LLC now owns 35,976 shares of the company's stock worth $3,060,000 after buying an additional 35,436 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of Liberty Broadband by 171.6% in the 1st quarter. Versant Capital Management Inc now owns 1,657 shares of the company's stock worth $141,000 after buying an additional 1,047 shares in the last quarter. Hedge funds and other institutional investors own 80.22% of the company's stock.
Liberty Broadband Trading Down 1.9%
LBRDK traded down $1.80 during mid-day trading on Friday, reaching $92.23. The stock had a trading volume of 1,789,294 shares, compared to its average volume of 1,015,769. The stock has a market capitalization of $13.22 billion, a P/E ratio of 16.99 and a beta of 1.00. 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 firm's fifty day simple moving average is $89.37 and its two-hundred day simple moving average is $83.46. Liberty Broadband Co. has a 52 week low of $49.38 and a 52 week high of $104.00.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 EPS for the quarter. The firm had revenue of $256.00 million for the quarter. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. On average, equities analysts predict that Liberty Broadband Co. will post 7.71 EPS for the current year.
Wall Street Analyst Weigh In
Separately, Wall Street Zen assumed coverage on Liberty Broadband in a report on Friday, May 16th. They set a "sell" rating for the company.
Get Our Latest Stock Analysis on Liberty Broadband
Liberty Broadband Company 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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