Liberty Broadband Co. (NASDAQ:LBRDK) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in Liberty Broadband Co. (NASDAQ:LBRDK) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,213,505 shares of the company’s stock after acquiring an additional 243,156 shares during the period. Vanguard Group Inc. owned 7.85% of Liberty Broadband worth $903,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in LBRDK. Envestnet Asset Management Inc. increased its position in shares of Liberty Broadband by 87.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 156,477 shares of the company’s stock valued at $14,289,000 after acquiring an additional 73,140 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Liberty Broadband in the 3rd quarter valued at $1,020,000. Northern Trust Corp increased its position in shares of Liberty Broadband by 4.2% in the 3rd quarter. Northern Trust Corp now owns 875,562 shares of the company’s stock valued at $79,956,000 after acquiring an additional 35,370 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Liberty Broadband by 158.5% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 7,855 shares of the company’s stock valued at $717,000 after purchasing an additional 4,816 shares during the last quarter. Finally, Natixis Advisors L.P. boosted its holdings in Liberty Broadband by 49.9% in the third quarter. Natixis Advisors L.P. now owns 128,240 shares of the company’s stock valued at $11,711,000 after purchasing an additional 42,697 shares during the last quarter. 80.22% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Price Performance

NASDAQ:LBRDK opened at $52.64 on Friday. Liberty Broadband Co. has a one year low of $46.46 and a one year high of $95.68. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a market cap of $7.52 billion, a price-to-earnings ratio of 8.94 and a beta of 1.02. The firm’s fifty day moving average is $51.37 and its two-hundred day moving average is $61.64.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $1.69 EPS for the quarter, missing the consensus estimate of $2.38 by ($0.69). Liberty Broadband had a net margin of 87.75% and a return on equity of 9.55%. The business had revenue of $245.00 million during the quarter, compared to analysts’ expectations of $244.41 million. Research analysts expect that Liberty Broadband Co. will post 9.13 EPS for the current year.

Insider Buying and Selling at Liberty Broadband

In other news, Director J David Wargo sold 15,000 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $51.98, for a total transaction of $779,700.00. Following the sale, the director now directly owns 72,332 shares of the company’s stock, valued at approximately $3,759,817.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 10.80% of the stock is owned by corporate insiders.

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.