S&CO Inc. Acquires Shares of 121,528 Liberty Broadband Corporation $LBRDA

S&CO Inc. acquired a new position in shares of Liberty Broadband Corporation (NASDAQ:LBRDA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 121,528 shares of the company’s stock, valued at approximately $4,042,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in LBRDA. Vanguard Group Inc. boosted its position in shares of Liberty Broadband by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 1,679,806 shares of the company’s stock valued at $81,101,000 after purchasing an additional 91,276 shares during the period. Millennium Management LLC grew its stake in Liberty Broadband by 5.4% during the 4th quarter. Millennium Management LLC now owns 629,881 shares of the company’s stock worth $30,411,000 after buying an additional 32,119 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Liberty Broadband by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 496,391 shares of the company’s stock worth $31,436,000 after buying an additional 11,789 shares during the period. Verition Fund Management LLC increased its position in Liberty Broadband by 37.9% during the fourth quarter. Verition Fund Management LLC now owns 404,192 shares of the company’s stock worth $19,514,000 after buying an additional 111,105 shares during the period. Finally, Squarepoint Ops LLC lifted its stake in Liberty Broadband by 21.9% in the fourth quarter. Squarepoint Ops LLC now owns 393,361 shares of the company’s stock valued at $18,991,000 after buying an additional 70,610 shares during the last quarter. Institutional investors and hedge funds own 10.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Liberty Broadband from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Liberty Broadband Trading Down 1.4%

Shares of Liberty Broadband stock opened at $36.30 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market capitalization of $5.21 billion, a P/E ratio of -5.19 and a beta of 0.64. Liberty Broadband Corporation has a 1 year low of $26.14 and a 1 year high of $65.40. The company’s fifty day moving average is $32.42 and its two-hundred day moving average is $41.68.

Liberty Broadband (NASDAQ:LBRDA) last announced its earnings results on Tuesday, April 28th. The company reported $1.41 EPS for the quarter.

Liberty Broadband Company Profile

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter’s Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.