Royal Bank of Canada Buys 226,360 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Royal Bank of Canada raised its stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 33.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 908,860 shares of the company's stock after buying an additional 226,360 shares during the period. Royal Bank of Canada owned approximately 0.64% of Liberty Broadband worth $67,946,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ameriprise Financial Inc. increased its position in shares of Liberty Broadband by 0.5% in the fourth quarter. Ameriprise Financial Inc. now owns 27,909 shares of the company's stock worth $2,086,000 after acquiring an additional 131 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Liberty Broadband by 61.1% during 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. Northeast Financial Consultants Inc grew its position in Liberty Broadband by 6.3% during the 4th quarter. Northeast Financial Consultants Inc now owns 2,989 shares of the company's stock worth $223,000 after purchasing an additional 177 shares in the last quarter. CIBC Asset Management Inc raised its stake in Liberty Broadband by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 3,757 shares of the company's stock valued at $281,000 after purchasing an additional 199 shares during the period. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Liberty Broadband by 0.6% in the fourth quarter. Handelsbanken Fonder AB now owns 33,300 shares of the company's stock valued at $2,490,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen began coverage on Liberty Broadband in a research report on Friday, May 16th. They set a "sell" rating on the stock.

Liberty Broadband Stock Down 0.8%

LBRDK traded down $0.77 on Monday, reaching $96.16. 947,807 shares of the company traded hands, compared to its average volume of 1,033,648. The company has a market cap of $13.78 billion, a price-to-earnings ratio of 17.71 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The stock's 50 day moving average price is $86.13 and its 200-day moving average price is $82.93. Liberty Broadband Co. has a 52-week low of $49.38 and a 52-week high of $104.00.

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

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.