Liberty Broadband Co. (NASDAQ:LBRDK) Shares Acquired by Man Group plc

Man Group plc increased its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 119.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 328,516 shares of the company's stock after purchasing an additional 178,516 shares during the quarter. Man Group plc owned 0.23% of Liberty Broadband worth $24,560,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its stake in Liberty Broadband by 0.5% during the fourth quarter. Ameriprise Financial Inc. now owns 27,909 shares of the company's stock worth $2,086,000 after purchasing an additional 131 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Liberty Broadband by 61.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock worth $30,000 after purchasing an additional 154 shares during the period. Northeast Financial Consultants Inc raised its stake in shares of Liberty Broadband by 6.3% in the 4th quarter. Northeast Financial Consultants Inc now owns 2,989 shares of the company's stock valued at $223,000 after purchasing an additional 177 shares during the period. CIBC Asset Management Inc lifted its position in Liberty Broadband by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 3,757 shares of the company's stock worth $281,000 after buying an additional 199 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in Liberty Broadband by 0.6% during the 4th quarter. Handelsbanken Fonder AB now owns 33,300 shares of the company's stock valued at $2,490,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company's stock.

Liberty Broadband Stock Performance

Liberty Broadband stock traded down $2.21 during mid-day trading on Monday, reaching $99.08. The company had a trading volume of 2,285,983 shares, compared to its average volume of 1,032,529. The firm has a market cap of $14.20 billion, a price-to-earnings ratio of 18.25 and a beta of 1.02. The company has a 50 day moving average of $84.41 and a 200-day moving average of $82.81. Liberty Broadband Co. has a 52 week low of $49.38 and a 52 week high of $104.00. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Liberty Broadband in a research note on Friday. They set a "sell" rating on the stock.

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.