KLP Kapitalforvaltning AS Invests $1.84 Million in Liberty Broadband Co. (NASDAQ:LBRDK)

KLP Kapitalforvaltning AS acquired a new stake in Liberty Broadband Co. (NASDAQ:LBRDK) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 24,600 shares of the company’s stock, valued at approximately $1,839,000.

Several other large investors have also recently added to or reduced their stakes in the company. Madison Investment Advisors LLC bought a new stake in shares of Liberty Broadband during the 4th quarter valued at $122,714,000. Assenagon Asset Management S.A. raised its stake in Liberty Broadband by 23.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company’s stock worth $268,045,000 after acquiring an additional 686,089 shares in the last quarter. Magnetar Financial LLC acquired a new position in Liberty Broadband during the fourth quarter worth about $46,906,000. Barclays PLC lifted its holdings in shares of Liberty Broadband by 6.4% in the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after acquiring an additional 415,496 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Liberty Broadband by 63.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 940,168 shares of the company’s stock valued at $72,666,000 after buying an additional 366,614 shares in the last quarter. Institutional investors own 80.22% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Liberty Broadband in a report on Friday, March 21st. They issued a “sell” rating for the company.

Liberty Broadband Stock Performance

LBRDK stock opened at $88.12 on Friday. Liberty Broadband Co. has a 1-year low of $46.46 and a 1-year high of $101.50. 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 stock has a 50-day moving average price of $81.08 and a 200-day moving average price of $79.93. The firm has a market cap of $12.63 billion, a PE ratio of 16.23 and a beta of 1.06.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings results 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). The business had revenue of $253.00 million during the quarter, compared to analyst estimates of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. As a group, equities research 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.