UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 47,667 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 16.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 331,555 shares of the company's stock after buying an additional 47,667 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of Liberty Broadband worth $24,787,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. increased its holdings in Liberty Broadband by 0.5% in the fourth quarter. Ameriprise Financial Inc. now owns 27,909 shares of the company's stock worth $2,086,000 after buying an additional 131 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Liberty Broadband by 61.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock valued at $30,000 after purchasing an additional 154 shares during the last quarter. Northeast Financial Consultants Inc boosted its position in shares of Liberty Broadband by 6.3% in the fourth quarter. Northeast Financial Consultants Inc now owns 2,989 shares of the company's stock valued at $223,000 after acquiring an additional 177 shares during the period. CIBC Asset Management Inc boosted its position in shares of Liberty Broadband by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 3,757 shares of the company's stock valued at $281,000 after acquiring an additional 199 shares during the period. Finally, Handelsbanken Fonder AB boosted its position in shares of Liberty Broadband by 0.6% in the fourth quarter. Handelsbanken Fonder AB now owns 33,300 shares of the company's stock valued at $2,490,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 80.22% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen assumed coverage on Liberty Broadband in a research report on Friday, May 16th. They issued a "sell" rating for the company.

Liberty Broadband Price Performance

Liberty Broadband stock traded down $0.44 during mid-day trading on Friday, hitting $93.18. 1,729,190 shares of the company were exchanged, compared to its average volume of 1,039,389. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The business has a fifty day moving average of $87.25 and a 200 day moving average of $83.04. Liberty Broadband Co. has a 1-year low of $49.38 and a 1-year high of $104.00. The company has a market capitalization of $13.36 billion, a PE ratio of 17.16 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share 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 during the quarter. As a group, sell-side analysts expect that Liberty Broadband Co. will post 7.71 earnings per share 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.