Invesco Ltd. trimmed its position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 10.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 567,555 shares of the company's stock after selling 62,883 shares during the quarter. Invesco Ltd. owned about 0.40% of Liberty Broadband worth $42,430,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Madison Investment Advisors LLC purchased a new stake in shares of Liberty Broadband during the 4th quarter valued at about $122,714,000. Norges Bank bought a new stake in shares of Liberty Broadband in the 4th quarter valued at approximately $100,845,000. Assenagon Asset Management S.A. boosted its holdings in shares of Liberty Broadband by 23.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company's stock worth $268,045,000 after purchasing an additional 686,089 shares during the period. Magnetar Financial LLC bought a new position in shares of Liberty Broadband during the 4th quarter valued at approximately $46,906,000. Finally, Barclays PLC raised its holdings in Liberty Broadband by 6.4% during the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company's stock valued at $533,251,000 after buying an additional 415,496 shares during the period. 80.22% of the stock is currently owned by hedge funds and other institutional investors.
Liberty Broadband Trading Up 2.8 %
LBRDK stock traded up $2.07 during mid-day trading on Tuesday, reaching $76.77. The company had a trading volume of 485,228 shares, compared to its average volume of 1,041,388. The firm has a 50 day moving average of $81.49 and a 200 day moving average of $81.45. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50. The company has a market capitalization of $11.00 billion, a PE ratio of 14.14 and a beta of 1.03.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $3.67 by ($1.63). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $253.00 million during the quarter, compared to the consensus estimate of $252.50 million. On average, equities analysts predict that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.
Analyst Ratings Changes
Separately, StockNews.com started coverage on shares of Liberty Broadband in a research report on Tuesday. They set a "sell" rating on the stock.
Check Out Our Latest Stock Analysis on Liberty Broadband
About Liberty Broadband
(
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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