Proficio Capital Partners LLC Invests $3.59 Million in Liberty Broadband Co. (NASDAQ:LBRDK)

Proficio Capital Partners LLC acquired a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 47,996 shares of the company’s stock, valued at approximately $3,588,000.

Several other large investors have also made changes to their positions in LBRDK. The Manufacturers Life Insurance Company grew its position in Liberty Broadband by 0.5% during the 3rd 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 during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Liberty Broadband by 61.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock worth $30,000 after buying an additional 154 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Liberty Broadband by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 3,757 shares of the company’s stock valued at $281,000 after buying an additional 199 shares during the period. Handelsbanken Fonder AB increased 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 valued at $2,490,000 after buying an additional 200 shares in the last quarter. Finally, Wealthspire Advisors LLC raised its stake in Liberty Broadband by 5.7% during the 4th quarter. Wealthspire Advisors LLC now owns 4,543 shares of the company’s stock worth $340,000 after buying an additional 244 shares during the period. Institutional investors and hedge funds own 80.22% of the company’s stock.

Liberty Broadband Trading Up 1.1 %

NASDAQ:LBRDK opened at $82.31 on Tuesday. The firm’s 50 day moving average is $79.57 and its 200 day moving average is $78.87. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50. The stock has a market capitalization of $11.79 billion, a PE ratio of 15.16 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.

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

Insider Transactions at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 125,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $114,447,313.44. This represents a 8.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a research report on Thursday, March 13th. They set a “sell” rating for the company.

Liberty Broadband 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.