Northern Trust Corp Buys 55,045 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Northern Trust Corp lifted its holdings in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 760,856 shares of the company's stock after acquiring an additional 55,045 shares during the period. Northern Trust Corp owned 0.53% of Liberty Broadband worth $56,882,000 at the end of the most recent reporting period.

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

Liberty Broadband Trading Down 0.7 %

LBRDK traded down $0.63 during trading on Friday, reaching $92.97. The company had a trading volume of 634,700 shares, compared to its average volume of 1,024,552. Liberty Broadband Co. has a 52 week low of $49.38 and a 52 week high of $101.50. The stock has a market cap of $13.32 billion, a P/E ratio of 17.12 and a beta of 1.02. 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 business has a 50 day simple moving average of $83.28 and a 200-day simple moving average of $82.26.

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

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Liberty Broadband in a report on Thursday. 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.