Focus Partners Wealth Takes Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Focus Partners Wealth purchased a new stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,399 shares of the company's stock, valued at approximately $254,000.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Liberty Broadband by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company's stock worth $827,176,000 after purchasing an additional 95,599 shares during the period. Barclays PLC increased its position in shares of Liberty Broadband by 6.4% in the third quarter. Barclays PLC now owns 6,899,331 shares of the company's stock worth $533,251,000 after acquiring an additional 415,496 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Liberty Broadband by 125.6% during the fourth quarter. Deutsche Bank AG now owns 3,060,143 shares of the company's stock valued at $228,776,000 after acquiring an additional 1,703,637 shares during the period. Finepoint Capital LP raised its holdings in shares of Liberty Broadband by 1.1% during the fourth quarter. Finepoint Capital LP now owns 2,015,710 shares of the company's stock valued at $150,694,000 after acquiring an additional 21,200 shares during the period. Finally, Madison Investment Advisors LLC purchased a new stake in shares of Liberty Broadband in the 4th quarter valued at approximately $122,714,000. Institutional investors own 80.22% of the company's stock.

Analyst Ratings Changes

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

Liberty Broadband Stock Down 0.3%

NASDAQ LBRDK traded down $0.27 during trading on Wednesday, reaching $96.37. 181,127 shares of the company's stock were exchanged, compared to its average volume of 1,034,075. 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 fifty-two week low of $49.38 and a fifty-two week high of $104.00. The company's fifty day simple moving average is $86.68 and its 200-day simple moving average is $83.02. The firm has a market capitalization of $13.81 billion, a PE ratio of 17.74 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 EPS for the quarter. The business had revenue of $256.00 million during the quarter. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. Sell-side analysts predict that Liberty Broadband Co. will post 7.71 EPS for the current year.

Liberty Broadband 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.