Aire Advisors LLC Takes $261,000 Position in Liberty Broadband Co. (NASDAQ:LBRDA)

Aire Advisors LLC bought a new stake in Liberty Broadband Co. (NASDAQ:LBRDA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,507 shares of the company’s stock, valued at approximately $261,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in Liberty Broadband by 891.9% during the 4th quarter. Farther Finance Advisors LLC now owns 367 shares of the company’s stock worth $27,000 after acquiring an additional 330 shares in the last quarter. Franklin Resources Inc. acquired a new position in shares of Liberty Broadband in the third quarter valued at approximately $30,000. Paloma Partners Management Co purchased a new stake in Liberty Broadband during the 3rd quarter worth approximately $54,000. AlphaQuest LLC lifted its holdings in Liberty Broadband by 4,115.0% during the 4th quarter. AlphaQuest LLC now owns 843 shares of the company’s stock worth $63,000 after buying an additional 823 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its position in Liberty Broadband by 116.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 990 shares of the company’s stock valued at $76,000 after buying an additional 533 shares during the period. Hedge funds and other institutional investors own 10.29% of the company’s stock.

Liberty Broadband Price Performance

Shares of NASDAQ LBRDA opened at $84.35 on Tuesday. The stock’s 50-day moving average is $79.72 and its two-hundred day moving average is $78.97. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. Liberty Broadband Co. has a 1-year low of $47.17 and a 1-year high of $100.44. The company has a market cap of $12.09 billion, a price-to-earnings ratio of 15.53 and a beta of 1.08.

Liberty Broadband (NASDAQ:LBRDA) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.31. The company had revenue of $263.00 million for the quarter, compared to analysts’ expectations of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.