Raymond James Financial Inc. Acquires Shares of 12,699 Liberty Broadband Co. (NASDAQ:LBRDK)

Raymond James Financial Inc. bought a new stake in Liberty Broadband Co. (NASDAQ:LBRDK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,699 shares of the company’s stock, valued at approximately $949,000.

A number of other institutional investors have also modified their holdings of LBRDK. Groupama Asset Managment purchased a new position in Liberty Broadband during the third quarter worth about $25,000. Quarry LP acquired a new stake in shares of Liberty Broadband in the 3rd quarter valued at approximately $28,000. Smartleaf Asset Management LLC boosted its stake in shares of Liberty Broadband by 61.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock valued at $30,000 after buying an additional 154 shares in the last quarter. Blue Trust Inc. grew its holdings in Liberty Broadband by 134.3% during the fourth quarter. Blue Trust Inc. now owns 464 shares of the company’s stock worth $36,000 after acquiring an additional 266 shares during the period. Finally, Jones Financial Companies Lllp raised its position in Liberty Broadband by 138.0% in the fourth quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock worth $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.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a report on Saturday, March 29th. They issued a “sell” rating for the company.

Liberty Broadband Stock Down 8.8 %

LBRDK opened at $77.10 on Friday. Liberty Broadband Co. has a 1 year low of $46.46 and a 1 year high of $101.50. The firm has a 50 day moving average price of $81.82 and a 200 day moving average price of $80.91. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market cap of $11.05 billion, a PE ratio of 14.20 and a beta of 1.06.

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