Machina Capital S.A.S. raised its holdings in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 861.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 81,943 shares of the company's stock after acquiring an additional 73,418 shares during the period. Liberty Broadband accounts for about 4.3% of Machina Capital S.A.S.'s holdings, making the stock its biggest position. Machina Capital S.A.S. owned 0.06% of Liberty Broadband worth $6,604,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Metis Global Partners LLC lifted its stake in shares of Liberty Broadband by 7.9% in the fourth quarter. Metis Global Partners LLC now owns 10,962 shares of the company's stock worth $883,000 after acquiring an additional 798 shares in the last quarter. Amalgamated Bank grew its position in shares of Liberty Broadband by 23.3% during the fourth quarter. Amalgamated Bank now owns 13,989 shares of the company's stock worth $1,127,000 after buying an additional 2,648 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC increased its stake in shares of Liberty Broadband by 84.3% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 15,906 shares of the company's stock worth $1,282,000 after buying an additional 7,276 shares during the last quarter. Van ECK Associates Corp raised its holdings in Liberty Broadband by 40.1% in the fourth quarter. Van ECK Associates Corp now owns 1,318 shares of the company's stock valued at $106,000 after acquiring an additional 377 shares in the last quarter. Finally, Alaska Permanent Fund Corp boosted its stake in Liberty Broadband by 1.0% during the 4th quarter. Alaska Permanent Fund Corp now owns 31,914 shares of the company's stock valued at $2,572,000 after acquiring an additional 314 shares during the last quarter. 80.22% of the stock is owned by institutional investors and hedge funds.
Liberty Broadband Price Performance
Liberty Broadband stock traded down $0.36 during midday trading on Tuesday, hitting $52.16. The company's stock had a trading volume of 2,889,226 shares, compared to its average volume of 1,285,671. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $95.68. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.42. The stock's 50-day moving average price is $53.90 and its 200-day moving average price is $68.71. The company has a market capitalization of $7.46 billion, a PE ratio of 11.17 and a beta of 0.97.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its earnings results on Friday, February 16th. The company reported $1.39 EPS for the quarter, missing the consensus estimate of $2.62 by ($1.23). Liberty Broadband had a return on equity of 7.76% and a net margin of 70.13%. The firm had revenue of $250.00 million during the quarter, compared to analyst estimates of $227.82 million. Analysts anticipate that Liberty Broadband Co. will post 10.14 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, Citigroup dropped their target price on shares of Liberty Broadband from $108.00 to $83.00 and set a "buy" rating on the stock in a report on Wednesday, February 7th.
View Our Latest Research Report on Liberty Broadband
Insiders Place Their Bets
In related news, Director J David Wargo sold 9,000 shares of the business's stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $56.80, for a total transaction of $511,200.00. Following the transaction, the director now directly owns 97,332 shares of the company's stock, valued at $5,528,457.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 45,000 shares of company stock worth $2,435,830. 10.80% of the stock is currently owned by company insiders.
About Liberty Broadband
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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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