ProShare Advisors LLC Makes New $221,000 Investment in Liberty Broadband Co. (NASDAQ:LBRDK)

ProShare Advisors LLC acquired a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,959 shares of the company's stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LBRDK. Smartleaf Asset Management LLC increased its holdings in shares of Liberty Broadband by 61.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock worth $30,000 after purchasing an additional 154 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Liberty Broadband by 134.3% in the 4th quarter. Blue Trust Inc. now owns 464 shares of the company's stock worth $36,000 after purchasing an additional 266 shares in the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of Liberty Broadband in the 4th quarter worth $36,000. Jones Financial Companies Lllp increased its holdings in shares of Liberty Broadband by 138.0% in the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company's stock worth $36,000 after purchasing an additional 283 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Liberty Broadband in the 4th quarter worth $37,000. Institutional investors own 80.22% of the company's stock.

Liberty Broadband Stock Performance

Shares of LBRDK stock traded down $0.65 on Wednesday, reaching $92.58. The stock had a trading volume of 1,140,489 shares, compared to its average volume of 1,010,143. The stock has a market cap of $13.27 billion, a P/E ratio of 17.05 and a beta of 1.02. Liberty Broadband Co. has a 1 year low of $49.38 and a 1 year high of $104.00. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The company has a 50 day simple moving average of $87.60 and a 200 day simple moving average of $83.10.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share (EPS) for the quarter. The firm had revenue of $256.00 million for the quarter. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. Equities research analysts expect that Liberty Broadband Co. will post 7.71 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen initiated coverage on Liberty Broadband in a research note on Friday, May 16th. They issued a "sell" rating on the stock.

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.