Harvest Fund Management Co. Ltd Takes $372,000 Position in Liberty Broadband Corporation (NASDAQ:LBRDK)

Key Points

• Harvest Fund Management Co. Ltd has acquired a new stake in **Liberty Broadband Corporation (NASDAQ:LBRDK)**, purchasing 4,374 shares valued at approximately $372,000.
• Liberty Broadband's shares opened at **$63.63**, with a market capitalization of **$9.12 billion** and a P/E ratio of **10.16**.
• Research analysts have recently raised Liberty Broadband to a **"hold" rating**, indicating a shift in market sentiment towards the stock.

Harvest Fund Management Co. Ltd acquired a new stake in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,374 shares of the company's stock, valued at approximately $372,000.

Several other hedge funds also recently modified their holdings of the company. Vestor Capital LLC purchased a new position in Liberty Broadband in the first quarter valued at approximately $44,000. Continuum Advisory LLC acquired a new position in Liberty Broadband in the first quarter worth $58,000. Quarry LP boosted its holdings in Liberty Broadband by 131.6% in the fourth quarter. Quarry LP now owns 836 shares of the company's stock worth $62,000 after purchasing an additional 475 shares during the period. Versant Capital Management Inc boosted its holdings in Liberty Broadband by 171.6% in the first quarter. Versant Capital Management Inc now owns 1,657 shares of the company's stock worth $141,000 after purchasing an additional 1,047 shares during the period. Finally, CWM LLC boosted its holdings in Liberty Broadband by 6.4% in the first quarter. CWM LLC now owns 2,309 shares of the company's stock worth $196,000 after purchasing an additional 138 shares during the period. 80.22% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Trading Down 1.1%

Shares of LBRDK stock traded down $0.65 on Monday, hitting $59.46. The company had a trading volume of 972,277 shares, compared to its average volume of 1,195,837. The firm has a market cap of $8.52 billion, a P/E ratio of 9.50 and a beta of 0.96. The stock's 50-day moving average is $90.30 and its two-hundred day moving average is $85.86. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.39. Liberty Broadband Corporation has a twelve month low of $58.35 and a twelve month high of $104.00.

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

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Liberty Broadband to a "hold" rating in a research report on Saturday, July 12th.

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.