Mirae Asset Global Investments Co. Ltd. Makes New $825,000 Investment in Liberty Broadband Co. (NASDAQ:LBRDK)

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 10,232 shares of the company’s stock, valued at approximately $825,000.

Several other large investors also recently bought and sold shares of LBRDK. Barclays PLC grew its position in shares of Liberty Broadband by 315.0% in the third quarter. Barclays PLC now owns 2,675,919 shares of the company’s stock valued at $244,364,000 after purchasing an additional 2,031,168 shares in the last quarter. UBS Group AG grew its position in shares of Liberty Broadband by 21.7% in the third quarter. UBS Group AG now owns 8,626,349 shares of the company’s stock valued at $787,758,000 after purchasing an additional 1,536,718 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Liberty Broadband by 179.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,334,499 shares of the company’s stock valued at $107,547,000 after purchasing an additional 857,187 shares in the last quarter. Aristeia Capital LLC grew its position in shares of Liberty Broadband by 6.0% in the third quarter. Aristeia Capital LLC now owns 6,435,596 shares of the company’s stock valued at $587,699,000 after purchasing an additional 363,554 shares in the last quarter. Finally, CQS US LLC grew its position in shares of Liberty Broadband by 52.2% in the third quarter. CQS US LLC now owns 573,265 shares of the company’s stock valued at $52,351,000 after purchasing an additional 196,525 shares in the last quarter. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Citigroup lowered their price objective on Liberty Broadband from $108.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th.

Liberty Broadband Price Performance

Shares of NASDAQ LBRDK opened at $50.01 on Thursday. The stock has a market cap of $7.15 billion, a P/E ratio of 10.71 and a beta of 0.95. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.42. Liberty Broadband Co. has a 12-month low of $47.87 and a 12-month high of $95.68. The business’s fifty day simple moving average is $55.67 and its 200-day simple moving average is $71.50.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings data on Friday, February 16th. The company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($1.23). The company had revenue of $250.00 million during the quarter, compared to analyst estimates of $227.82 million. Liberty Broadband had a net margin of 70.13% and a return on equity of 7.76%. As a group, equities analysts predict that Liberty Broadband Co. will post 10.14 EPS for the current fiscal year.

Insider Activity

In other news, Director J David Wargo sold 9,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $56.80, for a total value of $511,200.00. Following the sale, the director now directly owns 97,332 shares in the company, valued at $5,528,457.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 45,000 shares of company stock worth $2,435,830. Corporate insiders own 10.80% of the company’s 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.