Royal Bank of Canada Boosts Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

Royal Bank of Canada increased its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 33.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 908,860 shares of the company’s stock after purchasing an additional 226,360 shares during the period. Royal Bank of Canada owned approximately 0.64% of Liberty Broadband worth $67,946,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in Liberty Broadband by 61.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock valued at $30,000 after buying an additional 154 shares during the period. Blue Trust Inc. boosted its position in Liberty Broadband by 134.3% in the 4th quarter. Blue Trust Inc. now owns 464 shares of the company’s stock valued at $36,000 after buying an additional 266 shares during the period. Lee Danner & Bass Inc. purchased a new position in Liberty Broadband in the 4th quarter valued at approximately $36,000. Jones Financial Companies Lllp boosted its position in Liberty Broadband by 138.0% in the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock valued at $36,000 after buying an additional 283 shares during the period. Finally, R Squared Ltd purchased a new position in Liberty Broadband in the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Liberty Broadband Price Performance

Liberty Broadband stock opened at $100.33 on Wednesday. The stock has a market cap of $14.38 billion, a P/E ratio of 18.48 and a beta of 1.02. The company has a fifty day simple moving average of $85.21 and a 200-day simple moving average of $82.99. Liberty Broadband Co. has a 12-month low of $49.38 and a 12-month high of $104.00. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 EPS for the quarter. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $256.00 million for the quarter. Equities analysts expect that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Liberty Broadband in a research report on Friday, May 16th. They issued a “sell” rating for the company.

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.