Liberty Broadband Co. (NASDAQ:LBRDK) Shares Purchased by Aire Advisors LLC

Aire Advisors LLC raised its position in Liberty Broadband Co. (NASDAQ:LBRDK) by 83.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,880 shares of the company’s stock after purchasing an additional 13,569 shares during the quarter. Aire Advisors LLC’s holdings in Liberty Broadband were worth $2,234,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Liberty Broadband by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company’s stock valued at $827,176,000 after acquiring an additional 95,599 shares during the last quarter. LPL Financial LLC increased its holdings in Liberty Broadband by 11.6% in the 4th quarter. LPL Financial LLC now owns 5,755 shares of the company’s stock valued at $430,000 after purchasing an additional 599 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Liberty Broadband in the fourth quarter valued at approximately $1,839,000. Sei Investments Co. lifted its stake in Liberty Broadband by 5.0% during the fourth quarter. Sei Investments Co. now owns 19,534 shares of the company’s stock worth $1,460,000 after purchasing an additional 939 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Liberty Broadband by 13.3% in the fourth quarter. American Century Companies Inc. now owns 34,518 shares of the company’s stock valued at $2,581,000 after buying an additional 4,039 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Analyst Ratings Changes

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

Liberty Broadband Stock Performance

NASDAQ:LBRDK opened at $84.81 on Tuesday. The firm has a market capitalization of $12.15 billion, a PE ratio of 15.62 and a beta of 1.06. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The business’s fifty day moving average price is $80.37 and its 200 day moving average price is $79.63. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last announced 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 net margin of 78.07% and a return on equity of 8.45%. On average, sell-side analysts anticipate that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Liberty Broadband 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.