Pacific Capital Partners Ltd Makes New $545,000 Investment in Liberty Broadband Corporation (NASDAQ:LBRDK)

Pacific Capital Partners Ltd purchased a new stake in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,413 shares of the company's stock, valued at approximately $545,000.

Other hedge funds also recently added to or reduced their stakes in the company. Resonant Capital Advisors LLC lifted its holdings in shares of Liberty Broadband by 3.1% during the first quarter. Resonant Capital Advisors LLC now owns 4,197 shares of the company's stock worth $357,000 after purchasing an additional 126 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Liberty Broadband by 0.5% during the fourth quarter. Ameriprise Financial Inc. now owns 27,909 shares of the company's stock worth $2,086,000 after purchasing an additional 131 shares during the period. CWM LLC lifted its holdings in shares of Liberty Broadband by 6.4% during the first quarter. CWM LLC now owns 2,309 shares of the company's stock worth $196,000 after purchasing an additional 138 shares during the period. Northeast Financial Consultants Inc lifted its holdings in shares of Liberty Broadband by 6.3% during the fourth quarter. Northeast Financial Consultants Inc now owns 2,989 shares of the company's stock worth $223,000 after purchasing an additional 177 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Liberty Broadband by 4.4% during the first quarter. Venturi Wealth Management LLC now owns 4,424 shares of the company's stock worth $376,000 after purchasing an additional 186 shares during the period. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Trading Down 2.0%

Shares of NASDAQ:LBRDK traded down $1.21 during trading on Friday, reaching $60.11. 3,160,181 shares of the stock were exchanged, compared to its average volume of 1,197,736. The firm's 50-day moving average price is $91.02 and its 200 day moving average price is $85.83. Liberty Broadband Corporation has a 12-month low of $58.35 and a 12-month high of $104.00. The firm has a market cap of $8.62 billion, a price-to-earnings ratio of 9.60 and a beta of 1.01. 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 (NASDAQ:LBRDK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share (EPS) for the quarter. Liberty Broadband had a return on equity of 9.24% and a net margin of 88.10%. The company had revenue of $256.00 million for the quarter. On average, sell-side analysts anticipate that Liberty Broadband Corporation will post 7.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.