Skandinaviska Enskilda Banken AB publ Invests $1.02 Million in Liberty Broadband Corporation (NASDAQ:LBRDK)

Key Points

• Skandinaviska Enskilda Banken AB acquired a new stake in Liberty Broadband Corporation, purchasing 12,000 shares valued at approximately $1,021,000.
• Liberty Broadband's stock is currently down 5.6%, with a twelve-month range between $58.35 and $104.00.
• The company reported earnings of $1.87 per share for the last quarter, with an expected annual earnings per share of $7.71.

Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,000 shares of the company's stock, valued at approximately $1,021,000.

Several other institutional investors have also bought and sold shares of the stock. Teacher Retirement System of Texas bought a new position in Liberty Broadband in the 1st quarter valued at $2,666,000. Amalgamated Bank grew its stake in Liberty Broadband by 5.8% in the 1st quarter. Amalgamated Bank now owns 6,293 shares of the company's stock valued at $535,000 after purchasing an additional 346 shares during the period. Highland Capital Management LLC bought a new position in Liberty Broadband in the 1st quarter valued at $1,163,000. Envestnet Asset Management Inc. grew its stake in Liberty Broadband by 9.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 155,091 shares of the company's stock valued at $13,191,000 after purchasing an additional 12,878 shares during the period. Finally, Hi Line Capital Management LLC grew its stake in Liberty Broadband by 17.9% in the 1st quarter. Hi Line Capital Management LLC now owns 165,319 shares of the company's stock valued at $14,060,000 after purchasing an additional 25,132 shares during the period. Institutional investors own 80.22% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Liberty Broadband to a "hold" rating in a research note on Saturday, July 12th.

Liberty Broadband Stock Performance

Shares of NASDAQ LBRDK traded down $1.21 during trading on Friday, reaching $60.11. 3,160,181 shares of the stock traded hands, compared to its average volume of 1,197,733. Liberty Broadband Corporation has a 52-week low of $58.35 and a 52-week high of $104.00. 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 company has a 50-day moving average of $91.02 and a 200-day moving average of $85.83. The stock has a market capitalization of $8.62 billion, a P/E ratio of 9.60 and a beta of 1.01.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 EPS for the quarter. Liberty Broadband had a return on equity of 9.24% and a net margin of 88.10%. The firm had revenue of $256.00 million for the quarter. Analysts forecast that Liberty Broadband Corporation 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.