S&CO Inc. Invests $4.04 Million in Liberty Broadband Corporation $LBRDA

Key Points

• S&CO Inc. acquired 121,528 Liberty Broadband shares worth approximately $4.04 million during the second quarter, representing 0.08% of the company. Other institutional investors also increased or initiated positions, while institutional ownership stood at 10.29%.
• Liberty Broadband shares opened at $36.30, below their 200-day moving average of $41.68, and have traded between $26.14 and $65.40 over the past year. The company reported quarterly EPS of $1.41.
• Analyst sentiment remains negative: Weiss Ratings downgraded the stock to “sell (d-),” and MarketBeat reported a consensus “Sell” rating from the covering analyst.

S&CO Inc. bought a new position in shares of Liberty Broadband Corporation (NASDAQ:LBRDA - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 121,528 shares of the company's stock, valued at approximately $4,042,000. S&CO Inc. owned 0.08% of Liberty Broadband as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in LBRDA. KCM Investment Advisors LLC acquired a new position in Liberty Broadband during the 1st quarter worth approximately $1,589,000. Quantinno Capital Management LP increased its position in shares of Liberty Broadband by 47.8% in the 1st quarter. Quantinno Capital Management LP now owns 116,012 shares of the company's stock valued at $5,826,000 after purchasing an additional 37,519 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Liberty Broadband in the 1st quarter valued at $6,278,000. Vanguard Group Inc. raised its holdings in shares of Liberty Broadband by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 1,679,806 shares of the company's stock valued at $81,101,000 after purchasing an additional 91,276 shares in the last quarter. Finally, Virtu Financial LLC lifted its position in shares of Liberty Broadband by 234.5% during the 4th quarter. Virtu Financial LLC now owns 42,920 shares of the company's stock worth $2,072,000 after purchasing an additional 30,088 shares during the last quarter. Institutional investors and hedge funds own 10.29% of the company's stock.

Liberty Broadband Price Performance

LBRDA stock opened at $36.30 on Friday. The business has a 50 day moving average price of $32.42 and a 200 day moving average price of $41.68. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of -5.19 and a beta of 0.64. Liberty Broadband Corporation has a fifty-two week low of $26.14 and a fifty-two week high of $65.40. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.10.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.41 earnings per share (EPS) for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Liberty Broadband from a "sell (d)" rating to a "sell (d-)" rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Liberty Broadband has a consensus rating of "Sell".

About Liberty Broadband

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter's Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.

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