Handelsbanken Fonder AB Has $2.16 Million Stake in Liberty Broadband Corporation (NASDAQ:LBRDK)

Handelsbanken Fonder AB lowered its position in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 23.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,400 shares of the company's stock after selling 7,900 shares during the period. Handelsbanken Fonder AB's holdings in Liberty Broadband were worth $2,160,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ABC Arbitrage SA bought a new stake in shares of Liberty Broadband during the 4th quarter worth about $563,000. ProShare Advisors LLC bought a new stake in Liberty Broadband during the fourth quarter worth approximately $221,000. Canada Pension Plan Investment Board boosted its position in Liberty Broadband by 331.4% during the fourth quarter. Canada Pension Plan Investment Board now owns 228,200 shares of the company's stock worth $17,060,000 after purchasing an additional 175,300 shares during the period. Wolverine Asset Management LLC grew its holdings in Liberty Broadband by 458.8% during the fourth quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company's stock valued at $710,000 after purchasing an additional 7,799 shares during the last quarter. Finally, Investment Management Associates Inc. ADV raised its position in shares of Liberty Broadband by 2.1% in the fourth quarter. Investment Management Associates Inc. ADV now owns 223,440 shares of the company's stock valued at $16,704,000 after purchasing an additional 4,640 shares during the period. Institutional investors own 80.22% of the company's stock.

Liberty Broadband Stock Performance

NASDAQ LBRDK traded up $1.41 during trading on Wednesday, hitting $90.36. The company's stock had a trading volume of 745,077 shares, compared to its average volume of 1,016,303. Liberty Broadband Corporation has a 52 week low of $49.38 and a 52 week high of $104.00. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.35. The firm has a market cap of $12.95 billion, a P/E ratio of 14.46 and a beta of 1.00. The firm has a 50 day moving average price of $89.87 and a 200 day moving average price of $83.52.

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

Wall Street Analysts Forecast Growth

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

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.