Pacific Capital Partners Ltd purchased a new stake in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 6,413 shares of the company's stock, valued at approximately $545,000.
A number of other hedge funds also recently made changes to their positions in LBRDK. Teacher Retirement System of Texas purchased a new stake in Liberty Broadband during the 1st quarter worth $2,666,000. Amalgamated Bank increased its stake in Liberty Broadband by 5.8% during the 1st quarter. Amalgamated Bank now owns 6,293 shares of the company's stock worth $535,000 after buying an additional 346 shares during the period. Highland Capital Management LLC purchased a new stake in Liberty Broadband during the 1st quarter worth $1,163,000. Envestnet Asset Management Inc. increased its stake in Liberty Broadband by 9.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 155,091 shares of the company's stock worth $13,191,000 after buying an additional 12,878 shares during the period. Finally, Hi Line Capital Management LLC increased its stake in Liberty Broadband by 17.9% during the 1st quarter. Hi Line Capital Management LLC now owns 165,319 shares of the company's stock worth $14,060,000 after buying an additional 25,132 shares during the period. Institutional investors and hedge funds own 80.22% of the company's stock.
Liberty Broadband Stock Down 2.0%
LBRDK traded down $1.21 on Friday, reaching $60.11. 3,160,181 shares of the company traded hands, compared to its average volume of 2,200,094. The stock's 50 day moving average price is $90.30 and its 200-day moving average price is $85.73. Liberty Broadband Corporation has a 52-week low of $58.35 and a 52-week high of $104.00. The company has a market cap of $8.62 billion, a price-to-earnings ratio of 9.60 and a beta of 0.96. 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 (NASDAQ:LBRDK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 earnings per share (EPS) for the quarter. The business had revenue of $256.00 million during the quarter. Liberty Broadband had a net margin of 88.10% and a return on equity of 9.24%. On average, sell-side analysts expect that Liberty Broadband Corporation will post 7.71 EPS for the current fiscal year.
Analysts Set New Price Targets
Separately, Wall Street Zen raised shares of Liberty Broadband to a "hold" rating in a report on Saturday, July 12th.
Get Our Latest Report on Liberty Broadband
Liberty Broadband Company Profile
(
Free Report)
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.
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