Ossiam Buys 262,200 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Ossiam boosted its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 72.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 625,895 shares of the company's stock after acquiring an additional 262,200 shares during the quarter. Liberty Broadband accounts for about 1.5% of Ossiam's investment portfolio, making the stock its 26th largest holding. Ossiam owned 0.44% of Liberty Broadband worth $46,792,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Barclays PLC boosted its holdings in Liberty Broadband by 6.4% in the third quarter. Barclays PLC now owns 6,899,331 shares of the company's stock worth $533,251,000 after purchasing an additional 415,496 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Liberty Broadband in the 3rd quarter valued at approximately $225,000. Wilmington Savings Fund Society FSB acquired a new stake in Liberty Broadband in the 3rd quarter worth approximately $8,773,000. Tidal Investments LLC bought a new stake in Liberty Broadband during the third quarter worth approximately $217,000. Finally, Franklin Resources Inc. acquired a new position in Liberty Broadband during the third quarter valued at approximately $175,000. Hedge funds and other institutional investors own 80.22% of the company's stock.

Liberty Broadband Stock Performance

LBRDK traded down $0.15 during midday trading on Thursday, reaching $78.20. The company's stock had a trading volume of 409,638 shares, compared to its average volume of 1,042,244. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The company has a fifty day simple moving average of $81.43 and a 200 day simple moving average of $81.42. The stock has a market cap of $11.20 billion, a P/E ratio of 14.41 and a beta of 1.03. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $101.50.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing analysts' consensus estimates of $3.67 by ($1.63). The company had revenue of $253.00 million during the quarter, compared to the consensus estimate of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. Research analysts expect that Liberty Broadband Co. will post 7.71 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a report on Tuesday. They set a "sell" rating for the company.

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.