Finepoint Capital LP Buys 21,200 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Finepoint Capital LP increased its stake in Liberty Broadband Co. (NASDAQ:LBRDK) by 1.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,015,710 shares of the company’s stock after purchasing an additional 21,200 shares during the quarter. Liberty Broadband makes up approximately 9.2% of Finepoint Capital LP’s investment portfolio, making the stock its 2nd largest position. Finepoint Capital LP’s holdings in Liberty Broadband were worth $150,694,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in LBRDK. Madison Investment Advisors LLC acquired a new position in shares of Liberty Broadband in the fourth quarter valued at $122,714,000. Norges Bank bought a new position in shares of Liberty Broadband during the fourth quarter worth approximately $100,845,000. Assenagon Asset Management S.A. lifted its holdings in Liberty Broadband by 23.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company’s stock worth $268,045,000 after purchasing an additional 686,089 shares during the last quarter. Magnetar Financial LLC acquired a new stake in Liberty Broadband during the 4th quarter worth approximately $46,906,000. Finally, Barclays PLC boosted its stake in Liberty Broadband by 6.4% in the 3rd 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 period. Institutional investors and hedge funds own 80.22% of the company’s stock.

Liberty Broadband Stock Down 8.8 %

Shares of LBRDK opened at $77.10 on Friday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $11.05 billion, a PE ratio of 14.20 and a beta of 1.06. The firm’s 50 day moving average is $81.82 and its 200-day moving average is $81.05. 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 data on Thursday, February 27th. The company reported $2.04 earnings per share 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 analyst estimates of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. Equities research analysts forecast that Liberty Broadband Co. will post 7.71 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Liberty Broadband in a report on Sunday. They set 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.