4,576 Shares in Liberty Broadband Corporation (NASDAQ:LBRDA) Bought by Universal Beteiligungs und Servicegesellschaft mbH

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 acquired a new position in shares of Liberty Broadband Corporation (NASDAQ:LBRDA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,576 shares of the company's stock, valued at approximately $389,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LBRDA. Raymond James Financial Inc. purchased a new stake in shares of Liberty Broadband during the fourth quarter worth $306,000. American Century Companies Inc. raised its position in shares of Liberty Broadband by 10.7% in the fourth quarter. American Century Companies Inc. now owns 3,053 shares of the company's stock worth $227,000 after buying an additional 296 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Liberty Broadband in the fourth quarter worth $268,000. Vanguard Group Inc. raised its position in shares of Liberty Broadband by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 1,462,794 shares of the company's stock worth $108,773,000 after buying an additional 49,547 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Liberty Broadband by 1.9% in the fourth quarter. JPMorgan Chase & Co. now owns 14,857 shares of the company's stock worth $1,105,000 after buying an additional 279 shares in the last quarter. 10.29% of the stock is owned by institutional investors.

Liberty Broadband Trading Down 1.4%

Shares of NASDAQ:LBRDA traded down $0.86 on Thursday, reaching $58.48. 119,193 shares of the company traded hands, compared to its average volume of 156,638. The business's 50-day simple moving average is $87.55 and its 200 day simple moving average is $84.67. Liberty Broadband Corporation has a 52 week low of $57.34 and a 52 week high of $102.38. The stock has a market capitalization of $8.38 billion, a P/E ratio of 9.36 and a beta of 0.95. 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 issued its quarterly earnings data on Thursday, August 7th. The company reported $2.68 EPS for the quarter. Liberty Broadband had a net margin of 86.40% and a return on equity of 9.24%.

About Liberty Broadband

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.