Kintayl Capital LP Acquires 46,755 Shares of Liberty Broadband Corporation (NASDAQ:LBRDK)

Kintayl Capital LP increased its stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 82.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,153 shares of the company's stock after purchasing an additional 46,755 shares during the quarter. Liberty Broadband makes up approximately 6.3% of Kintayl Capital LP's holdings, making the stock its 4th largest holding. Kintayl Capital LP owned 0.07% of Liberty Broadband worth $8,773,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Liberty Broadband by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company's stock valued at $827,176,000 after buying an additional 95,599 shares during the period. Deutsche Bank AG lifted its stake in shares of Liberty Broadband by 125.6% in the 4th quarter. Deutsche Bank AG now owns 3,060,143 shares of the company's stock valued at $228,776,000 after purchasing an additional 1,703,637 shares in the last quarter. Finepoint Capital LP lifted its stake in shares of Liberty Broadband by 1.1% in the 4th quarter. Finepoint Capital LP now owns 2,015,710 shares of the company's stock valued at $150,694,000 after purchasing an additional 21,200 shares in the last quarter. Norges Bank acquired a new position in shares of Liberty Broadband in the 4th quarter valued at about $100,845,000. Finally, Makaira Partners LLC lifted its stake in shares of Liberty Broadband by 219.6% in the 4th quarter. Makaira Partners LLC now owns 1,244,270 shares of the company's stock valued at $93,022,000 after purchasing an additional 854,954 shares in the last quarter. Hedge funds and other institutional investors own 80.22% of the company's stock.

Analyst Ratings Changes

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

Liberty Broadband Stock Down 0.4%

Liberty Broadband stock traded down $0.38 during midday trading on Friday, hitting $87.38. 1,880,315 shares of the company were exchanged, compared to its average volume of 1,096,581. The company's fifty day moving average price is $94.91 and its 200-day moving average price is $85.81. The company has a market cap of $12.52 billion, a PE ratio of 13.96 and a beta of 1.01. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.39 and a quick ratio of 1.39. Liberty Broadband Corporation has a fifty-two week low of $54.71 and a fifty-two week high of $104.00.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 EPS for the quarter. The firm had revenue of $256.00 million for the quarter. Liberty Broadband had a return on equity of 9.24% and a net margin of 88.10%. On average, research analysts predict that Liberty Broadband Corporation will post 7.71 EPS for the current fiscal year.

Liberty Broadband Company Profile

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.