Graham Capital Management L.P. Invests $311,000 in Liberty Broadband Co. (NASDAQ:LBRDK)

Graham Capital Management L.P. purchased a new stake in shares of 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. The fund purchased 4,164 shares of the company's stock, valued at approximately $311,000.

A number of other hedge funds also recently bought and sold shares of the business. Smartleaf Asset Management LLC lifted its position in shares of Liberty Broadband by 61.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock worth $30,000 after purchasing an additional 154 shares during the period. Blue Trust Inc. increased its position in shares of Liberty Broadband by 134.3% during the fourth quarter. Blue Trust Inc. now owns 464 shares of the company's stock valued at $36,000 after buying an additional 266 shares during the period. Lee Danner & Bass Inc. bought a new position in Liberty Broadband in the fourth quarter worth about $36,000. Jones Financial Companies Lllp lifted its holdings in Liberty Broadband by 138.0% in the fourth 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. Finally, R Squared Ltd purchased a new stake in Liberty Broadband in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 80.22% of the company's stock.

Liberty Broadband Stock Down 2.0%

Shares of LBRDK stock traded down $1.99 during mid-day trading on Wednesday, reaching $98.34. 1,553,984 shares of the company's stock traded hands, compared to its average volume of 1,033,001. The company's 50-day moving average price is $85.21 and its 200-day moving average price is $82.99. The company has a market cap of $14.09 billion, a P/E ratio of 18.11 and a beta of 1.02. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a 12 month low of $49.38 and a 12 month high of $104.00.

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 (EPS) for the quarter. The company 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%. On average, equities analysts expect that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Liberty Broadband in a report on Friday, May 16th. They set a "sell" rating on the stock.

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.