SG Americas Securities LLC purchased a new position in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,575 shares of the company's stock, valued at approximately $2,430,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Deutsche Bank AG grew its stake in shares of Liberty Broadband by 125.6% in the fourth quarter. Deutsche Bank AG now owns 3,060,143 shares of the company's stock worth $228,776,000 after acquiring an additional 1,703,637 shares during the last quarter. Madison Investment Advisors LLC purchased a new position in shares of Liberty Broadband in the 4th quarter worth $122,714,000. Norges Bank purchased a new stake in Liberty Broadband during the fourth quarter valued at approximately $100,845,000. Adage Capital Partners GP L.L.C. increased its position in Liberty Broadband by 425.3% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,231,136 shares of the company's stock worth $92,040,000 after buying an additional 996,764 shares in the last quarter. Finally, Pentwater Capital Management LP increased its stake in shares of Liberty Broadband by 454.0% in the fourth quarter. Pentwater Capital Management LP now owns 1,108,000 shares of the company's stock worth $82,834,000 after purchasing an additional 908,000 shares in the last quarter. Hedge funds and other institutional investors own 80.22% of the company's stock.
Liberty Broadband Stock Performance
Liberty Broadband stock traded up $1.41 during trading hours on Wednesday, hitting $90.36. 745,077 shares of the stock traded hands, compared to its average volume of 1,016,303. The firm's 50 day moving average price is $89.87 and its 200-day moving average price is $83.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $12.95 billion, a price-to-earnings ratio of 14.46 and a beta of 1.00. Liberty Broadband Corporation has a 1 year low of $49.38 and a 1 year high of $104.00.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 EPS for the quarter. Liberty Broadband had a net margin of 88.10% and a return on equity of 9.24%. The business had revenue of $256.00 million for the quarter. As a group, equities analysts expect that Liberty Broadband Corporation will post 7.71 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Separately, Wall Street Zen began coverage on shares of Liberty Broadband in a research report on Friday, May 16th. They set a "sell" rating for the company.
Read Our Latest Analysis 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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