Voloridge Investment Management LLC Purchases Shares of 66,766 Liberty Broadband Co. (NASDAQ:LBRDK)

Voloridge Investment Management LLC acquired a new stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 66,766 shares of the company's stock, valued at approximately $4,991,000.

A number of other large investors have also bought and sold shares of the business. Barclays PLC raised its stake in Liberty Broadband by 6.4% during the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company's stock worth $533,251,000 after buying an additional 415,496 shares during the period. Atomi Financial Group Inc. acquired a new stake in Liberty Broadband during the fourth quarter worth approximately $210,000. Blue Trust Inc. raised its position in shares of Liberty Broadband by 134.3% in the fourth quarter. Blue Trust Inc. now owns 464 shares of the company's stock valued at $36,000 after buying an additional 266 shares in the last quarter. KBC Group NV raised its position in Liberty Broadband by 25.6% during the fourth quarter. KBC Group NV now owns 7,402 shares of the company's stock valued at $553,000 after purchasing an additional 1,509 shares in the last quarter. Finally, Nilsine Partners LLC raised its position in Liberty Broadband by 234.8% during the fourth quarter. Nilsine Partners LLC now owns 9,870 shares of the company's stock valued at $738,000 after purchasing an additional 6,922 shares in the last quarter. 80.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen began coverage on shares of Liberty Broadband in a research report on Friday, May 16th. They set a "sell" rating for the company.

Liberty Broadband Trading Down 0.5%

LBRDK traded down $0.44 during trading on Friday, reaching $93.18. 1,729,190 shares of the stock traded hands, compared to its average volume of 1,008,818. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $13.36 billion, a PE ratio of 17.16 and a beta of 1.02. The stock's 50-day moving average is $87.25 and its 200 day moving average is $82.98. Liberty Broadband Co. has a 12 month low of $49.38 and a 12 month high of $104.00.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter. The firm had revenue of $256.00 million during the quarter. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. Equities analysts anticipate that Liberty Broadband Co. will post 7.71 earnings per share for the current year.

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.