Arrowstreet Capital Limited Partnership Increases Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Arrowstreet Capital Limited Partnership boosted its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 72.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 464,385 shares of the company’s stock after acquiring an additional 195,482 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.33% of Liberty Broadband worth $34,717,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LBRDK. Cerity Partners LLC increased its position in shares of Liberty Broadband by 8.3% during the 3rd quarter. Cerity Partners LLC now owns 7,357 shares of the company’s stock valued at $569,000 after purchasing an additional 562 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake 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 buying an additional 125 shares during the period. FMR LLC increased its position in Liberty Broadband by 104.4% during the third quarter. FMR LLC now owns 563,964 shares of the company’s stock valued at $43,589,000 after acquiring an additional 288,078 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of Liberty Broadband in the third quarter valued at $2,253,000. Finally, Captrust Financial Advisors lifted its holdings in shares of Liberty Broadband by 15.3% in the 3rd quarter. Captrust Financial Advisors now owns 4,417 shares of the company’s stock worth $341,000 after acquiring an additional 586 shares during the last quarter. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Stock Performance

Shares of Liberty Broadband stock opened at $87.57 on Thursday. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50. The company has a market capitalization of $12.55 billion, a PE ratio of 16.13 and a beta of 1.06. The stock’s fifty day moving average is $81.80 and its two-hundred day moving average is $80.78. 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 posted its quarterly 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). The company had revenue of $253.00 million during 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%. As a group, analysts expect that Liberty Broadband Co. will post 7.71 earnings per share for the current year.

Analyst Ratings Changes

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

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.