Giverny Capital Inc. purchased a new position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 15,000 shares of the company's stock, valued at approximately $1,121,000.
Other hedge funds have also made changes to their positions in the company. Barclays PLC increased its stake in shares of Liberty Broadband by 6.4% in the third quarter. Barclays PLC now owns 6,899,331 shares of the company's stock valued at $533,251,000 after purchasing an additional 415,496 shares during the period. ABC Arbitrage SA bought a new position in Liberty Broadband in the 4th quarter worth approximately $563,000. Wolverine Asset Management LLC increased its position in Liberty Broadband by 458.8% in the 4th quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company's stock valued at $710,000 after acquiring an additional 7,799 shares during the period. Everence Capital Management Inc. bought a new stake in Liberty Broadband during the 4th quarter valued at $229,000. Finally, Investment Management Associates Inc. ADV grew its stake in shares of Liberty Broadband by 2.1% in the fourth quarter. Investment Management Associates Inc. ADV now owns 223,440 shares of the company's stock worth $16,704,000 after purchasing an additional 4,640 shares in the last quarter. Institutional investors own 80.22% of the company's stock.
Liberty Broadband Price Performance
Shares of LBRDK traded up $1.62 during mid-day trading on Friday, hitting $78.22. The company's stock had a trading volume of 661,821 shares, compared to its average volume of 1,044,681. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a 50-day moving average price of $81.68 and a 200 day moving average price of $81.46. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. The stock has a market capitalization of $11.21 billion, a price-to-earnings ratio of 14.41 and a beta of 1.03.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.67 by ($1.63). The company had revenue of $253.00 million during the quarter, compared to the consensus estimate of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. On average, research analysts predict that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a research report on Monday. They issued a "sell" rating for the company.
Check Out Our Latest Stock Analysis on LBRDK
Liberty Broadband Profile
(
Free Report)
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.
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