Madison Asset Management LLC Raises Holdings in Liberty Broadband Corporation (NASDAQ:LBRDK)

Madison Asset Management LLC boosted its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 8.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,781,745 shares of the company's stock after buying an additional 140,307 shares during the quarter. Liberty Broadband accounts for approximately 1.7% of Madison Asset Management LLC's holdings, making the stock its 10th biggest position. Madison Asset Management LLC owned approximately 1.24% of Liberty Broadband worth $151,537,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of LBRDK. Vestor Capital LLC purchased a new stake in shares of Liberty Broadband during the 1st quarter valued at about $44,000. Continuum Advisory LLC purchased a new stake in shares of Liberty Broadband during the 1st quarter valued at about $58,000. Quarry LP increased its position in shares of Liberty Broadband by 131.6% during the 4th quarter. Quarry LP now owns 836 shares of the company's stock valued at $62,000 after purchasing an additional 475 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Liberty Broadband by 171.6% during the 1st quarter. Versant Capital Management Inc now owns 1,657 shares of the company's stock valued at $141,000 after purchasing an additional 1,047 shares during the last quarter. Finally, CWM LLC increased its position in shares of Liberty Broadband by 6.4% during the 1st quarter. CWM LLC now owns 2,309 shares of the company's stock valued at $196,000 after purchasing an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company's stock.

Liberty Broadband Trading Down 19.1%

NASDAQ:LBRDK traded down $16.53 during midday trading on Friday, hitting $70.22. 4,655,752 shares of the company traded hands, compared to its average volume of 1,798,639. The firm's fifty day moving average is $93.79 and its 200-day moving average is $86.14. Liberty Broadband Corporation has a 12-month low of $58.35 and a 12-month high of $104.00. The firm has a market capitalization of $10.06 billion, a P/E ratio of 11.22 and a beta of 1.01. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released 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 9.24% and a net margin of 88.10%. The business had revenue of $256.00 million for the quarter. On average, sell-side analysts predict that Liberty Broadband Corporation will post 7.71 EPS for the current year.

Analyst Upgrades and Downgrades

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.