Mercer Global Advisors Inc. ADV Makes New Investment in Liberty Broadband Co. (NASDAQ:LBRDK)

Mercer Global Advisors Inc. ADV purchased a new position in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,691 shares of the company's stock, valued at approximately $351,000.

A number of other large investors have also recently bought and sold shares of the business. Madison Investment Advisors LLC bought a new stake in Liberty Broadband in the fourth quarter worth $122,714,000. Norges Bank acquired a new stake in shares of Liberty Broadband during the fourth quarter worth approximately $100,845,000. Adage Capital Partners GP L.L.C. increased its holdings in shares of Liberty Broadband by 425.3% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,231,136 shares of the company's stock worth $92,040,000 after buying an additional 996,764 shares in the last quarter. Pentwater Capital Management LP boosted its position in Liberty Broadband by 454.0% in the 4th quarter. Pentwater Capital Management LP now owns 1,108,000 shares of the company's stock valued at $82,834,000 after buying an additional 908,000 shares during the last quarter. Finally, Makaira Partners LLC boosted its stake in shares of Liberty Broadband by 219.6% in the 4th quarter. Makaira Partners LLC now owns 1,244,270 shares of the company's stock valued at $93,022,000 after purchasing an additional 854,954 shares during the last quarter. Institutional investors own 80.22% of the company's stock.

Liberty Broadband Stock Performance

Shares of NASDAQ LBRDK traded down $1.86 during midday trading on Monday, reaching $99.44. The company had a trading volume of 967,613 shares, compared to its average volume of 1,027,499. The stock has a market cap of $14.25 billion, a P/E ratio of 18.31 and a beta of 1.02. Liberty Broadband Co. has a 1 year low of $49.38 and a 1 year high of $104.00. The business's 50-day simple moving average is $84.41 and its 200 day simple moving average is $82.81. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40.

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

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Liberty Broadband in a report on Friday. They issued 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.