Atria Investments Inc Boosts Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Atria Investments Inc raised its position in Liberty Broadband Co. (NASDAQ:LBRDK) by 10.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,626 shares of the company’s stock after buying an additional 344 shares during the quarter. Atria Investments Inc’s holdings in Liberty Broadband were worth $271,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in Liberty Broadband by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 972,544 shares of the company’s stock worth $72,707,000 after purchasing an additional 32,376 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Liberty Broadband by 138.0% in the fourth quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock valued at $36,000 after buying an additional 283 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Liberty Broadband by 61.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock worth $30,000 after acquiring an additional 154 shares during the period. Proficio Capital Partners LLC purchased a new position in Liberty Broadband in the fourth quarter worth $3,588,000. Finally, Bank of New York Mellon Corp lifted its holdings in Liberty Broadband by 6.3% in the fourth quarter. Bank of New York Mellon Corp now owns 400,864 shares of the company’s stock valued at $29,969,000 after acquiring an additional 23,810 shares during the period. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Insider Buying and Selling

In related news, CEO Gregory B. Maffei sold 125,000 shares of Liberty Broadband stock in a transaction on Wednesday, December 18th. The stock was 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 in the company, valued at approximately $114,447,313.44. This trade represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 10.80% of the company’s stock.

Liberty Broadband Trading Up 1.1 %

Shares of LBRDK stock opened at $82.31 on Tuesday. The company has a market capitalization of $11.79 billion, a price-to-earnings 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. The firm has a 50-day moving average price of $79.57 and a 200 day moving average price of $78.87. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last released its earnings results on Thursday, February 27th. The company reported $2.04 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. Research analysts forecast that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.