HighTower Advisors LLC Has $721,000 Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

HighTower Advisors LLC grew its stake in Liberty Broadband Co. (NASDAQ:LBRDK) by 24.5% in the fourth quarter, HoldingsChannel reports. The fund owned 9,643 shares of the company’s stock after acquiring an additional 1,896 shares during the period. HighTower Advisors LLC’s holdings in Liberty Broadband were worth $721,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC grew its holdings in Liberty Broadband by 6.4% during 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. Assenagon Asset Management S.A. boosted its stake 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 acquiring an additional 686,089 shares during the last quarter. Geode Capital Management LLC raised its stake in Liberty Broadband by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company’s stock worth $155,736,000 after buying an additional 31,484 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Liberty Broadband by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 972,544 shares of the company’s stock valued at $72,707,000 after acquiring an additional 32,376 shares during the period. Finally, Rothschild & Co Wealth Management UK Ltd grew its stake in Liberty Broadband by 0.8% in the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 838,969 shares of the company’s stock valued at $62,721,000 after acquiring an additional 6,841 shares during the period. 80.22% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Stock Down 3.4 %

Shares of LBRDK stock opened at $85.13 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 firm’s fifty day moving average price is $81.25 and its two-hundred day moving average price is $80.10. The firm has a market capitalization of $12.20 billion, a P/E ratio of 15.68 and a beta of 1.06. Liberty Broadband Co. has a 1 year low of $46.46 and a 1 year high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last issued its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.67 by ($1.63). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $253.00 million during the quarter, compared to analyst estimates of $252.50 million. On average, equities analysts predict that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Liberty Broadband in a report on Saturday. They set a “sell” rating on the stock.

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.