Guggenheim Capital LLC Raises Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Guggenheim Capital LLC raised its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 111.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,503 shares of the company's stock after purchasing an additional 6,052 shares during the period. Guggenheim Capital LLC's holdings in Liberty Broadband were worth $860,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its stake in Liberty Broadband by 61.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock worth $30,000 after acquiring an additional 154 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Liberty Broadband by 134.3% in the 4th quarter. Blue Trust Inc. now owns 464 shares of the company's stock worth $36,000 after purchasing an additional 266 shares during the period. Lee Danner & Bass Inc. bought a new stake in Liberty Broadband during the fourth quarter valued at about $36,000. Jones Financial Companies Lllp grew its holdings in Liberty Broadband by 138.0% in the fourth quarter. Jones Financial Companies Lllp now owns 488 shares of the company's stock worth $36,000 after purchasing an additional 283 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Liberty Broadband in the 4th quarter worth $37,000. Hedge funds and other institutional investors own 80.22% of the company's stock.

Liberty Broadband Price Performance

Shares of Liberty Broadband stock traded up $0.79 on Tuesday, hitting $87.72. 178,261 shares of the company were exchanged, compared to its average volume of 1,036,343. 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 company has a 50-day moving average price of $81.55 and a 200 day moving average price of $81.56. The stock has a market capitalization of $12.57 billion, a price-to-earnings ratio of 16.16 and a beta of 1.03. Liberty Broadband Co. has a 1-year low of $48.89 and a 1-year high of $101.50.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.67 by ($1.63). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The company had revenue of $253.00 million during the quarter, compared to analysts' expectations of $252.50 million. As a group, sell-side analysts predict that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Liberty Broadband in a research note on Tuesday, April 22nd. They issued a "sell" rating for the company.

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.