Makaira Partners LLC Has $93.02 Million Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Makaira Partners LLC boosted its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 219.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,244,270 shares of the company's stock after buying an additional 854,954 shares during the quarter. Liberty Broadband makes up about 12.9% of Makaira Partners LLC's holdings, making the stock its 2nd biggest holding. Makaira Partners LLC owned about 0.87% of Liberty Broadband worth $93,022,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LBRDK. Smartleaf Asset Management LLC grew its holdings in shares of Liberty Broadband by 61.1% during 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 period. Blue Trust Inc. lifted its holdings in shares of Liberty Broadband by 134.3% during the fourth quarter. Blue Trust Inc. now owns 464 shares of the company's stock valued at $36,000 after purchasing an additional 266 shares during the last quarter. Lee Danner & Bass Inc. purchased a new stake in shares of Liberty Broadband in the 4th quarter worth approximately $36,000. Jones Financial Companies Lllp raised its stake in Liberty Broadband by 138.0% during the fourth quarter. Jones Financial Companies Lllp now owns 488 shares of the company's stock valued at $36,000 after buying an additional 283 shares during the last quarter. Finally, R Squared Ltd bought a new stake in Liberty Broadband in the fourth quarter worth $37,000. Hedge funds and other institutional investors own 80.22% of the company's stock.

Liberty Broadband Price Performance

LBRDK opened at $86.23 on Monday. The stock has a market capitalization of $12.36 billion, a P/E ratio of 15.88 and a beta of 1.03. The company's 50-day simple moving average is $81.44 and its two-hundred day simple moving average is $81.50. Liberty Broadband Co. has a 52-week low of $48.89 and a 52-week high of $101.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its 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). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $253.00 million during the quarter, compared to analysts' expectations of $252.50 million. As a group, analysts predict that Liberty Broadband Co. will post 7.71 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Liberty Broadband in a research report on Tuesday, April 22nd. They set a "sell" rating on the stock.

Liberty Broadband 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.

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