Universal Beteiligungs und Servicegesellschaft mbH Takes $793,000 Position in Liberty Broadband Corporation (NASDAQ:LBRDK)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake of 9,324 shares in Liberty Broadband Corporation, valued at approximately $793,000, as disclosed in its latest 13F filing with the SEC.
• Liberty Broadband's current market cap stands at $8.62 billion, with a price-to-earnings ratio of 9.60 and shares opening at $60.11, down 2.0% recently.
• Wall Street analysts forecast a 7.71 earnings per share for Liberty Broadband for the current year, following their last earnings report where they posted $1.87 EPS.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,324 shares of the company's stock, valued at approximately $793,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas bought a new position in shares of Liberty Broadband in the first quarter valued at approximately $2,666,000. Amalgamated Bank increased its position in Liberty Broadband by 5.8% during the first quarter. Amalgamated Bank now owns 6,293 shares of the company's stock worth $535,000 after acquiring an additional 346 shares during the period. Highland Capital Management LLC bought a new position in Liberty Broadband during the first quarter worth $1,163,000. Envestnet Asset Management Inc. increased its position in Liberty Broadband by 9.1% during the first quarter. Envestnet Asset Management Inc. now owns 155,091 shares of the company's stock worth $13,191,000 after acquiring an additional 12,878 shares during the period. Finally, Hi Line Capital Management LLC increased its position in Liberty Broadband by 17.9% during the first quarter. Hi Line Capital Management LLC now owns 165,319 shares of the company's stock worth $14,060,000 after acquiring an additional 25,132 shares during the period. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Broadband Trading Down 1.3%

Shares of LBRDK stock traded down $0.78 on Wednesday, reaching $59.48. The company had a trading volume of 1,978,551 shares, compared to its average volume of 1,224,056. 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 stock has a market cap of $8.52 billion, a PE ratio of 9.51 and a beta of 0.96. The company has a 50-day moving average of $88.83 and a 200-day moving average of $85.57. Liberty Broadband Corporation has a 12 month low of $58.35 and a 12 month high of $104.00.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share (EPS) 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 during the quarter. On average, equities analysts forecast that Liberty Broadband Corporation will post 7.71 earnings per share for the current year.

Analyst Ratings Changes

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

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.