Legacy Capital Group California Inc. purchased a new position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,223 shares of the company's stock, valued at approximately $614,000.
Several other large investors have also modified their holdings of LBRDK. Vestor Capital LLC purchased a new position in shares of Liberty Broadband in the 1st quarter valued at approximately $44,000. Continuum Advisory LLC acquired a new position in Liberty Broadband in the 1st quarter valued at $58,000. Quarry LP increased its stake in Liberty Broadband by 131.6% in the 4th quarter. Quarry LP now owns 836 shares of the company's stock valued at $62,000 after buying an additional 475 shares during the period. Versant Capital Management Inc raised its position in Liberty Broadband by 171.6% during the 1st quarter. Versant Capital Management Inc now owns 1,657 shares of the company's stock worth $141,000 after buying an additional 1,047 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Liberty Broadband by 6.4% in the 1st quarter. CWM LLC now owns 2,309 shares of the company's stock worth $196,000 after acquiring an additional 138 shares during the period. 80.22% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised Liberty Broadband to a "hold" rating in a research note on Saturday, July 12th.
Read Our Latest Report on Liberty Broadband
Liberty Broadband Trading Down 1.3%
LBRDK traded down $0.75 on Thursday, reaching $58.82. 1,774,341 shares of the company's stock were exchanged, compared to its average volume of 2,531,188. The company has a market cap of $8.43 billion, a price-to-earnings ratio of 9.40 and a beta of 0.96. 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. The company's 50 day moving average is $87.40 and its 200-day moving average is $85.27.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share (EPS) for the quarter. The firm had revenue of $256.00 million during the quarter. Liberty Broadband had a return on equity of 9.24% and a net margin of 88.10%. Equities analysts predict that Liberty Broadband Corporation will post 7.71 earnings per share for the current year.
Liberty Broadband Company Profile
(
Free Report)
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.
Further Reading
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