Charles Schwab Investment Management Inc. Acquires 32,376 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 972,544 shares of the company’s stock after acquiring an additional 32,376 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.68% of Liberty Broadband worth $72,707,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its position in shares of Liberty Broadband by 0.5% during the third quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company’s stock worth $2,101,000 after acquiring an additional 125 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Liberty Broadband by 61.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock worth $30,000 after purchasing an additional 154 shares in the last quarter. CIBC Asset Management Inc grew its position in Liberty Broadband by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 3,757 shares of the company’s stock worth $281,000 after purchasing an additional 199 shares in the last quarter. Handelsbanken Fonder AB grew its position in Liberty Broadband by 0.6% in the 4th quarter. Handelsbanken Fonder AB now owns 33,300 shares of the company’s stock worth $2,490,000 after purchasing an additional 200 shares in the last quarter. Finally, Wealthspire Advisors LLC grew its position in Liberty Broadband by 5.7% in the 4th quarter. Wealthspire Advisors LLC now owns 4,543 shares of the company’s stock worth $340,000 after purchasing an additional 244 shares in the last quarter. 80.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a research note on Wednesday, March 5th. They issued a “sell” rating on the stock.

Insiders Place Their Bets

In other news, CEO Gregory B. Maffei sold 125,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the sale, the chief executive officer now owns 1,435,256 shares in the company, valued at approximately $114,447,313.44. This trade represents a 8.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 10.80% of the company’s stock.

Liberty Broadband Stock Performance

Shares of LBRDK stock opened at $81.18 on Wednesday. The stock has a market capitalization of $11.60 billion, a P/E ratio of 14.95 and a beta of 1.06. 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 firm’s 50 day moving average is $79.20 and its 200 day moving average is $78.38. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last posted its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.67 by ($1.63). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $253.00 million during the quarter, compared to analysts’ expectations of $252.50 million. On average, sell-side analysts anticipate that Liberty Broadband Co. will post 7.71 earnings per share for the current year.

Liberty Broadband Company 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.