Liberty Broadband Co. (NASDAQ:LBRDK) is Sand Grove Capital Management LLP's 10th Largest Position

Sand Grove Capital Management LLP boosted its stake in Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 281.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,539 shares of the company's stock after buying an additional 95,546 shares during the period. Liberty Broadband accounts for approximately 4.7% of Sand Grove Capital Management LLP's investment portfolio, making the stock its 10th largest holding. Sand Grove Capital Management LLP owned 0.09% of Liberty Broadband worth $9,684,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Liberty Broadband by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company's stock worth $827,176,000 after buying an additional 95,599 shares in the last quarter. Barclays PLC boosted its position in Liberty Broadband by 6.4% during the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company's stock worth $533,251,000 after acquiring an additional 415,496 shares during the period. Deutsche Bank AG grew its stake in shares of Liberty Broadband by 125.6% in the fourth quarter. Deutsche Bank AG now owns 3,060,143 shares of the company's stock worth $228,776,000 after purchasing an additional 1,703,637 shares in the last quarter. Finepoint Capital LP increased its holdings in shares of Liberty Broadband by 1.1% during the fourth quarter. Finepoint Capital LP now owns 2,015,710 shares of the company's stock valued at $150,694,000 after purchasing an additional 21,200 shares during the period. Finally, Madison Investment Advisors LLC bought a new stake in shares of Liberty Broadband during the fourth quarter valued at about $122,714,000. 80.22% of the stock is currently owned by institutional investors.

Liberty Broadband Price Performance

Shares of LBRDK traded down $0.36 during midday trading on Thursday, reaching $97.98. The stock had a trading volume of 416,607 shares, compared to its average volume of 887,745. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market capitalization of $14.04 billion, a P/E ratio of 18.04 and a beta of 1.02. The firm's 50 day moving average price is $85.55 and its 200-day moving average price is $83.10. Liberty Broadband Co. has a 52 week low of $49.38 and a 52 week high of $104.00.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted 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 company 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.

Wall Street Analyst Weigh In

Separately, Wall Street Zen initiated coverage on shares of Liberty Broadband in a research note on Friday, May 16th. 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.