Wolverine Asset Management LLC Purchases 11,796 Shares of Liberty Broadband Corporation (NASDAQ:LBRDK)

Key Points

• Wolverine Asset Management LLC increased its holdings in Liberty Broadband Corporation by 124.2%, now owning 21,295 shares valued at approximately $1.81 million.
• Analysts predict that Liberty Broadband will report $1.87 earnings per share for the latest quarter, with expectations set at 7.71 EPS for the current fiscal year.
• The stock is currently priced around $58.30, with a one-year performance range between $58.19 and $104.00.

Wolverine Asset Management LLC boosted its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 124.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,295 shares of the company's stock after acquiring an additional 11,796 shares during the period. Wolverine Asset Management LLC's holdings in Liberty Broadband were worth $1,811,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. National Bank of Canada FI increased its position in Liberty Broadband by 16.4% during the 1st quarter. National Bank of Canada FI now owns 92,900 shares of the company's stock worth $7,901,000 after buying an additional 13,084 shares during the period. Headlands Technologies LLC increased its position in Liberty Broadband by 16.2% during the 1st quarter. Headlands Technologies LLC now owns 23,370 shares of the company's stock worth $1,988,000 after buying an additional 3,253 shares during the period. Charles Schwab Investment Management Inc. increased its position in Liberty Broadband by 4.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,019,711 shares of the company's stock worth $86,726,000 after buying an additional 47,167 shares during the period. Legacy Capital Group California Inc. acquired a new stake in shares of Liberty Broadband during the 1st quarter worth $614,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of Liberty Broadband during the 1st quarter worth $261,000. Institutional investors own 80.22% of the company's stock.

Wall Street Analyst Weigh In

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

Liberty Broadband Price Performance

LBRDK stock traded up $1.09 during midday trading on Tuesday, reaching $59.92. The company had a trading volume of 1,336,407 shares, compared to its average volume of 1,245,209. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. Liberty Broadband Corporation has a 1 year low of $57.91 and a 1 year high of $104.00. The company has a market capitalization of $8.59 billion, a P/E ratio of 7.91 and a beta of 0.96. The firm has a 50-day moving average price of $86.01 and a 200-day moving average price of $85.08.

Liberty Broadband 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.