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 bought a new position in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,000 shares of the company's stock, valued at approximately $1,021,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of Liberty Broadband in the fourth quarter valued at approximately $949,000. American Century Companies Inc. increased its stake in shares of Liberty Broadband by 13.3% in the fourth quarter. American Century Companies Inc. now owns 34,518 shares of the company's stock valued at $2,581,000 after buying an additional 4,039 shares during the period. Sei Investments Co. increased its stake in shares of Liberty Broadband by 5.0% in the fourth quarter. Sei Investments Co. now owns 19,534 shares of the company's stock valued at $1,460,000 after buying an additional 939 shares during the period. LPL Financial LLC lifted its position in shares of Liberty Broadband by 11.6% in the 4th quarter. LPL Financial LLC now owns 5,755 shares of the company's stock worth $430,000 after purchasing an additional 599 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Liberty Broadband by 0.5% in the 4th quarter. JPMorgan Chase & Co. now owns 346,963 shares of the company's stock worth $25,939,000 after purchasing an additional 1,806 shares during the period. Institutional investors own 80.22% of the company's stock.

Liberty Broadband Stock Down 2.0%

Shares of LBRDK traded down $1.21 during trading hours on Friday, reaching $60.11. The stock had a trading volume of 3,160,181 shares, compared to its average volume of 2,200,094. Liberty Broadband Corporation has a 12 month low of $58.35 and a 12 month high of $104.00. The firm has a 50-day simple moving average of $90.30 and a 200 day simple moving average of $85.73. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 9.60 and a beta of 0.96.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter. Liberty Broadband had a return on equity of 9.24% and a net margin of 88.10%. The business had revenue of $256.00 million for the quarter. Equities research analysts predict that Liberty Broadband Corporation will post 7.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Liberty Broadband 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.