Liberty Broadband Corporation (NASDAQ:LBRDK) Position Increased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 9.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 155,091 shares of the company's stock after buying an additional 12,878 shares during the period. Envestnet Asset Management Inc. owned about 0.11% of Liberty Broadband worth $13,191,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LBRDK. Lee Danner & Bass Inc. purchased a new position in Liberty Broadband during the fourth quarter valued at approximately $36,000. Farther Finance Advisors LLC increased its holdings in Liberty Broadband by 327.4% during the fourth quarter. Farther Finance Advisors LLC now owns 530 shares of the company's stock valued at $40,000 after buying an additional 406 shares during the period. Continuum Advisory LLC purchased a new position in Liberty Broadband during the first quarter valued at approximately $58,000. Quarry LP increased its holdings in Liberty Broadband by 131.6% during the fourth 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. Finally, Versant Capital Management Inc increased its holdings in Liberty Broadband by 171.6% during the first quarter. Versant Capital Management Inc now owns 1,657 shares of the company's stock valued at $141,000 after buying an additional 1,047 shares during the period. 80.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Liberty Broadband Stock Up 1.7%

Shares of NASDAQ LBRDK traded up $1.50 during mid-day trading on Tuesday, reaching $90.37. The company had a trading volume of 1,956,919 shares, compared to its average volume of 1,103,750. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35. The firm has a 50 day simple moving average of $94.91 and a two-hundred day simple moving average of $85.96. The stock has a market cap of $12.95 billion, a P/E ratio of 14.44 and a beta of 1.01. Liberty Broadband Corporation has a 52-week low of $54.71 and a 52-week high of $104.00.

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. Liberty Broadband had a net margin of 88.10% and a return on equity of 9.24%. The business had revenue of $256.00 million during the quarter. Sell-side analysts predict that Liberty Broadband Corporation 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.