Liberty Broadband Co. (NASDAQ:LBRDK) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its stake in Liberty Broadband Co. (NASDAQ:LBRDK) by 327.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 530 shares of the company’s stock after purchasing an additional 406 shares during the period. Farther Finance Advisors LLC’s holdings in Liberty Broadband were worth $40,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LBRDK. Groupama Asset Managment purchased a new position in Liberty Broadband during the 3rd quarter valued at about $25,000. Quarry LP purchased a new position in Liberty Broadband during the 3rd quarter valued at about $28,000. Smartleaf Asset Management LLC increased its holdings in Liberty Broadband by 61.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock valued at $30,000 after acquiring an additional 154 shares in the last quarter. Blue Trust Inc. increased its holdings in Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company’s stock valued at $36,000 after acquiring an additional 266 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in Liberty Broadband by 138.0% during the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock valued at $36,000 after acquiring an additional 283 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a report on Friday. They set a “sell” rating for the company.

Liberty Broadband Stock Performance

Shares of NASDAQ LBRDK opened at $83.69 on Monday. The company has a market cap of $11.99 billion, a PE ratio of 15.41 and a beta of 1.06. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50. 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 50-day simple moving average of $80.15 and a 200-day simple moving average of $79.46.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly 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). The firm had revenue of $253.00 million for 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%. On average, equities analysts anticipate that Liberty Broadband Co. will post 7.71 earnings per share for the current year.

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.