Hussman Strategic Advisors Inc. Takes $2.68 Million Position in Liberty Broadband Corporation (NASDAQ:LBRDA)

Hussman Strategic Advisors Inc. purchased a new position in shares of Liberty Broadband Corporation (NASDAQ:LBRDA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 31,500 shares of the company's stock, valued at approximately $2,678,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JNE Partners LLP acquired a new position in shares of Liberty Broadband during the 4th quarter worth approximately $47,230,000. Norges Bank acquired a new position in shares of Liberty Broadband during the 4th quarter worth approximately $15,896,000. Aristeia Capital L.L.C. increased its holdings in shares of Liberty Broadband by 9.1% during the 4th quarter. Aristeia Capital L.L.C. now owns 1,675,445 shares of the company's stock worth $124,586,000 after acquiring an additional 139,186 shares during the last quarter. Toronto Dominion Bank acquired a new position in shares of Liberty Broadband during the 4th quarter worth approximately $10,190,000. Finally, Pentwater Capital Management LP acquired a new position in shares of Liberty Broadband during the 4th quarter worth approximately $7,585,000. 10.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Benchmark decreased their price objective on Liberty Broadband from $130.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, March 31st.

Liberty Broadband Stock Performance

Shares of LBRDA stock traded down $0.09 on Friday, hitting $87.49. 10,445 shares of the stock were exchanged, compared to its average volume of 164,207. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $12.54 billion, a PE ratio of 13.99 and a beta of 1.00. Liberty Broadband Corporation has a one year low of $54.21 and a one year high of $102.38. The firm's 50 day moving average is $94.28 and its two-hundred day moving average is $84.97.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.67. The business had revenue of $266.00 million for the quarter, compared to analysts' expectations of $248.60 million. Liberty Broadband had a return on equity of 9.24% and a net margin of 86.40%.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.

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