Universal Beteiligungs und Servicegesellschaft mbH Makes New $389,000 Investment in Liberty Broadband Corporation (NASDAQ:LBRDA)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH made a new investment of $389,000 by acquiring 4,576 shares of Liberty Broadband Corporation (NASDAQ:LBRDA) in the first quarter.
• Liberty Broadband reported earnings of $1.87 per share, exceeding analysts' expectations, with revenue totaling $266 million for the quarter.
• The stock has seen a decline of 2.0%, with current trading prices around $59.91 and a market cap of $8.59 billion.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDA - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,576 shares of the company's stock, valued at approximately $389,000.

A number of other hedge funds have also modified their holdings of the stock. Tabor Asset Management LP acquired a new position in Liberty Broadband in the first quarter worth approximately $2,129,000. Hussman Strategic Advisors Inc. acquired a new stake in Liberty Broadband in the first quarter valued at approximately $2,678,000. PAX Financial Group LLC grew its position in Liberty Broadband by 1.9% in the first quarter. PAX Financial Group LLC now owns 14,068 shares of the company's stock worth $1,196,000 after acquiring an additional 269 shares in the last quarter. CWM LLC increased its stake in shares of Liberty Broadband by 38.4% during the 1st quarter. CWM LLC now owns 1,963 shares of the company's stock worth $167,000 after purchasing an additional 545 shares during the last quarter. Finally, Cerity Partners LLC acquired a new position in shares of Liberty Broadband during the 1st quarter worth $239,000. 10.29% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Stock Down 2.0%

LBRDA stock opened at $59.91 on Monday. The firm has a market cap of $8.59 billion, a PE ratio of 9.57 and a beta of 0.95. Liberty Broadband Corporation has a 1 year low of $57.34 and a 1 year high of $102.38. The company has a fifty day simple moving average of $89.72 and a 200 day simple moving average of $85.13. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.67. The company had revenue of $266.00 million for the quarter, compared to analyst estimates of $248.60 million. Liberty Broadband had a return on equity of 9.24% and a net margin of 86.40%.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.

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