ING Groep NV Has $17.38 Million Holdings in Liberty Broadband Corporation (NASDAQ:LBRDK)

Key Points

• ING Groep NV significantly increased its stakes in Liberty Broadband Corporation by 185.9%, owning approximately 204,400 shares worth around $17.38 million after acquiring an additional 132,900 shares.
• Liberty Broadband reported $1.87 earnings per share for the latest quarter, with a return on equity of 9.24% and a net margin of 88.10%.
• Wall Street analysts have raised Liberty Broadband to a "hold" rating, reflecting changing sentiments in investor outlook.

ING Groep NV grew its stake in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 185.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 204,400 shares of the company's stock after buying an additional 132,900 shares during the quarter. ING Groep NV owned 0.14% of Liberty Broadband worth $17,384,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas purchased a new position in Liberty Broadband during the first quarter worth about $2,666,000. Amalgamated Bank lifted its holdings in shares of Liberty Broadband by 5.8% during the 1st quarter. Amalgamated Bank now owns 6,293 shares of the company's stock worth $535,000 after acquiring an additional 346 shares during the last quarter. Highland Capital Management LLC bought a new stake in Liberty Broadband in the 1st quarter worth approximately $1,163,000. Envestnet Asset Management Inc. raised its position in Liberty Broadband by 9.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 155,091 shares of the company's stock worth $13,191,000 after purchasing an additional 12,878 shares during the period. Finally, Hi Line Capital Management LLC grew its position in Liberty Broadband by 17.9% during the 1st quarter. Hi Line Capital Management LLC now owns 165,319 shares of the company's stock worth $14,060,000 after acquiring an additional 25,132 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Broadband Trading Down 1.3%

Shares of LBRDK stock traded down $0.75 on Thursday, reaching $58.82. 1,774,341 shares of the stock were exchanged, compared to its average volume of 2,531,188. The firm has a 50 day moving average of $88.10 and a two-hundred day moving average of $85.39. Liberty Broadband Corporation has a 1-year low of $58.35 and a 1-year 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 stock has a market cap of $8.43 billion, a P/E ratio of 9.40 and a beta of 0.96.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 earnings per share (EPS) for the quarter. The firm 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%. On average, research analysts anticipate that Liberty Broadband Corporation will post 7.71 EPS for the current year.

Analyst Ratings Changes

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

About Liberty Broadband

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.