Liberty Broadband Co. (NASDAQ:LBRDK) Holdings Raised by Sand Grove Capital Management LLP

Sand Grove Capital Management LLP raised its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 281.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 129,539 shares of the company’s stock after acquiring an additional 95,546 shares during the period. Liberty Broadband accounts for 4.7% of Sand Grove Capital Management LLP’s holdings, making the stock its 10th biggest holding. Sand Grove Capital Management LLP’s holdings in Liberty Broadband were worth $9,684,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in Liberty Broadband by 6.4% in the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock valued at $533,251,000 after purchasing an additional 415,496 shares during the last quarter. ABC Arbitrage SA purchased a new stake in shares of Liberty Broadband during the 4th quarter worth about $563,000. Canada Pension Plan Investment Board boosted its stake in shares of Liberty Broadband by 331.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 228,200 shares of the company’s stock worth $17,060,000 after acquiring an additional 175,300 shares in the last quarter. Wolverine Asset Management LLC boosted its stake in shares of Liberty Broadband by 458.8% during the 4th quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company’s stock worth $710,000 after acquiring an additional 7,799 shares in the last quarter. Finally, Investment Management Associates Inc. ADV raised its position in shares of Liberty Broadband by 2.1% during the 4th quarter. Investment Management Associates Inc. ADV now owns 223,440 shares of the company’s stock worth $16,704,000 after purchasing an additional 4,640 shares during the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Liberty Broadband Stock Performance

Shares of LBRDK stock opened at $101.29 on Friday. Liberty Broadband Co. has a 52 week low of $49.38 and a 52 week high of $104.00. The firm has a 50 day moving average of $84.41 and a two-hundred day moving average of $82.79. The stock has a market capitalization of $14.51 billion, a PE ratio of 18.65 and a beta of 1.02. 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 announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $256.00 million for the quarter. On average, research analysts predict that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.

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.