Lazard Asset Management LLC Purchases 5,838 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Lazard Asset Management LLC increased its position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 39.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,594 shares of the company's stock after buying an additional 5,838 shares during the quarter. Lazard Asset Management LLC's holdings in Liberty Broadband were worth $1,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its position in Liberty Broadband by 61.1% during 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 last quarter. Blue Trust Inc. increased its stake in shares of Liberty Broadband by 134.3% in 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. Jones Financial Companies Lllp increased its stake in shares of Liberty Broadband by 138.0% in the fourth quarter. Jones Financial Companies Lllp now owns 488 shares of the company's stock valued at $36,000 after buying an additional 283 shares during the period. Lee Danner & Bass Inc. bought a new position in shares of Liberty Broadband during the fourth quarter worth about $36,000. Finally, R Squared Ltd acquired a new position in shares of Liberty Broadband in the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 80.22% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen started coverage on Liberty Broadband in a report on Friday, May 16th. They issued a "sell" rating on the stock.

Liberty Broadband Trading Down 0.8%

NASDAQ LBRDK traded down $0.77 during mid-day trading on Friday, reaching $96.16. 947,807 shares of the stock were exchanged, compared to its average volume of 1,033,648. The stock has a market cap of $13.78 billion, a P/E ratio of 17.71 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. Liberty Broadband Co. has a one year low of $49.38 and a one year high of $104.00. The stock has a 50 day simple moving average of $86.13 and a 200-day simple moving average of $83.03.

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. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The company had revenue of $256.00 million for the quarter. On average, analysts anticipate that Liberty Broadband Co. will post 7.71 EPS for the current year.

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.