Liberty Broadband Co. (NASDAQ:LBRDK) Shares Acquired by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC lifted its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 61.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 406 shares of the company’s stock after buying an additional 154 shares during the period. Smartleaf Asset Management LLC’s holdings in Liberty Broadband were worth $30,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LBRDK. Assenagon Asset Management S.A. lifted its stake in shares of Liberty Broadband by 23.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company’s stock valued at $268,045,000 after buying an additional 686,089 shares during the period. Barclays PLC raised its stake in Liberty Broadband by 6.4% during 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 during the period. Charles Schwab Investment Management Inc. raised its stake in Liberty Broadband by 63.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 940,168 shares of the company’s stock worth $72,666,000 after purchasing an additional 366,614 shares during the period. FMR LLC raised its stake in Liberty Broadband by 104.4% during the third quarter. FMR LLC now owns 563,964 shares of the company’s stock worth $43,589,000 after purchasing an additional 288,078 shares during the period. Finally, Isomer Partners LP purchased a new position in Liberty Broadband during the third quarter worth approximately $20,095,000. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a research note on Thursday. They set a “sell” rating on the stock.

Insider Activity

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 value of $9,967,500.00. Following the transaction, the chief executive officer now owns 1,435,256 shares of the company’s stock, valued at approximately $114,447,313.44. This trade represents a 8.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 10.80% of the company’s stock.

Liberty Broadband Stock Performance

NASDAQ:LBRDK opened at $80.27 on Thursday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The company has a market cap of $11.50 billion, a P/E ratio of 14.78 and a beta of 1.06. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. The firm’s 50 day moving average is $79.31 and its two-hundred day moving average is $78.39.

Liberty Broadband (NASDAQ:LBRDK) last issued its earnings results on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $3.67 by ($1.63). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $253.00 million during the quarter, compared to analysts’ expectations of $252.50 million. Analysts expect that Liberty Broadband Co. will post 7.71 EPS 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.