Natixis Advisors LLC Purchases 67,494 Shares of Liberty Broadband Corporation (NASDAQ:LBRDK)

Key Points

• Natixis Advisors LLC increased its stake in Liberty Broadband Corporation by 15.9%, owning a total of 493,168 shares valued at approximately $41.9 million after acquiring additional shares in the first quarter.
• Liberty Broadband reported a quarterly earnings per share of $1.87, with a net margin of 88.10% and anticipated total earnings for the year at $7.71 per share.
• The company has a current market cap of $8.79 billion and a price-to-earnings ratio of 9.80, with shares trading at $61.32.

Natixis Advisors LLC grew its stake in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 15.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 493,168 shares of the company's stock after purchasing an additional 67,494 shares during the quarter. Natixis Advisors LLC owned about 0.34% of Liberty Broadband worth $41,943,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in LBRDK. Deutsche Bank AG raised its position in shares of Liberty Broadband by 125.6% in the fourth quarter. Deutsche Bank AG now owns 3,060,143 shares of the company's stock valued at $228,776,000 after buying an additional 1,703,637 shares in the last quarter. Finepoint Capital LP grew its stake in shares of Liberty Broadband by 1.1% in the fourth quarter. Finepoint Capital LP now owns 2,015,710 shares of the company's stock worth $150,694,000 after purchasing an additional 21,200 shares during the last quarter. Madison Asset Management LLC grew its stake in shares of Liberty Broadband by 8.5% in the first quarter. Madison Asset Management LLC now owns 1,781,745 shares of the company's stock worth $151,537,000 after purchasing an additional 140,307 shares during the last quarter. Makaira Partners LLC boosted its position in Liberty Broadband by 219.6% during the fourth quarter. Makaira Partners LLC now owns 1,244,270 shares of the company's stock valued at $93,022,000 after acquiring an additional 854,954 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its position in Liberty Broadband by 425.3% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,231,136 shares of the company's stock valued at $92,040,000 after acquiring an additional 996,764 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company's stock.

Analyst Ratings Changes

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

Liberty Broadband Price Performance

LBRDK traded up $0.62 during trading on Tuesday, reaching $60.13. The stock had a trading volume of 1,418,127 shares, compared to its average volume of 1,210,750. The stock has a market cap of $8.62 billion, a PE ratio of 9.61 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 one year low of $58.35 and a one year high of $104.00. The business has a 50-day moving average of $89.56 and a 200-day moving average of $85.75.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share 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%. As a group, equities research analysts anticipate that Liberty Broadband Corporation will post 7.71 EPS for the current fiscal 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.