Xponance Inc. Grows Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Xponance Inc. lifted its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,882 shares of the company’s stock after buying an additional 639 shares during the quarter. Xponance Inc.’s holdings in Liberty Broadband were worth $589,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Barclays PLC grew 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 worth $533,251,000 after acquiring an additional 415,496 shares during the period. ABC Arbitrage SA purchased a new stake in shares of Liberty Broadband in the fourth quarter valued at $563,000. Wolverine Asset Management LLC increased its stake in Liberty Broadband by 458.8% in the fourth quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company’s stock valued at $710,000 after purchasing an additional 7,799 shares during the last quarter. Point72 Asset Management L.P. increased its stake in Liberty Broadband by 54.8% in the third quarter. Point72 Asset Management L.P. now owns 294,641 shares of the company’s stock valued at $22,773,000 after purchasing an additional 104,272 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new position in Liberty Broadband during the fourth quarter worth about $229,000. Institutional investors and hedge funds own 80.22% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a research note on Friday, March 21st. They set a “sell” rating for the company.

Liberty Broadband Trading Up 1.8 %

LBRDK stock opened at $86.31 on Wednesday. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50. The company has a market cap of $12.37 billion, a price-to-earnings ratio of 15.90 and a beta of 1.06. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The business has a fifty day simple moving average of $80.58 and a 200-day simple moving average of $79.81.

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 firm had revenue of $253.00 million for the quarter, compared to analyst estimates of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. On average, equities research analysts expect that Liberty Broadband Co. will post 7.71 EPS for the current year.

Liberty Broadband Company 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.