Liberty Broadband Co. (NASDAQ:LBRDK) Shares Bought by Wealthspire Advisors LLC

Wealthspire Advisors LLC boosted its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 5.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,543 shares of the company’s stock after acquiring an additional 244 shares during the period. Wealthspire Advisors LLC’s holdings in Liberty Broadband were worth $340,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its position in Liberty Broadband by 0.5% during the third 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 period. CIBC Asset Management Inc raised its position in shares of Liberty Broadband by 5.6% in the fourth 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 last quarter. Handelsbanken Fonder AB raised its position in shares of Liberty Broadband by 0.6% in the fourth 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 during the last quarter. Blue Trust Inc. raised its position in shares of Liberty Broadband by 134.3% in the fourth quarter. Blue Trust Inc. now owns 464 shares of the company’s stock valued at $36,000 after buying an additional 266 shares during the last quarter. Finally, Groupama Asset Managment acquired a new stake in shares of Liberty Broadband in the third quarter valued at about $25,000. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Broadband Price Performance

Shares of NASDAQ LBRDK opened at $81.21 on Friday. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50. The stock has a market capitalization of $11.60 billion, a price-to-earnings ratio of 14.96 and a beta of 1.04. The firm has a 50-day simple moving average of $77.85 and a 200-day simple moving average of $76.91. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share (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%. On average, equities analysts predict that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 1,435,256 shares of the company’s stock, valued at $114,447,313.44. This trade represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 10.80% of the stock is owned by company insiders.

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.