Vanguard Group Inc. Buys 95,599 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Vanguard Group Inc. lifted its stake in Liberty Broadband Co. (NASDAQ:LBRDK) by 0.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,064,423 shares of the company’s stock after acquiring an additional 95,599 shares during the period. Vanguard Group Inc. owned 0.08% of Liberty Broadband worth $827,176,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LBRDK. The Manufacturers Life Insurance Company boosted its holdings in Liberty Broadband by 0.5% during the third quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company’s stock valued at $2,101,000 after acquiring an additional 125 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Liberty Broadband by 61.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock worth $30,000 after purchasing an additional 154 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Liberty Broadband by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 3,757 shares of the company’s stock valued at $281,000 after purchasing an additional 199 shares during the period. Handelsbanken Fonder AB grew its holdings in Liberty Broadband by 0.6% in the 4th quarter. Handelsbanken Fonder AB now owns 33,300 shares of the company’s stock valued at $2,490,000 after buying an additional 200 shares during the last quarter. Finally, Wealthspire Advisors LLC increased its position in Liberty Broadband by 5.7% in the 4th quarter. Wealthspire Advisors LLC now owns 4,543 shares of the company’s stock worth $340,000 after buying an additional 244 shares during the period. Institutional investors own 80.22% of the company’s stock.

Liberty Broadband Stock Down 3.4 %

Shares of LBRDK opened at $85.13 on Friday. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50. The firm has a market capitalization of $12.20 billion, a P/E ratio of 15.68 and a beta of 1.06. The company has a 50-day simple moving average of $81.25 and a 200-day simple moving average of $80.25. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings data on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $3.67 by ($1.63). The firm had revenue of $253.00 million during the quarter, compared to the consensus estimate 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 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Liberty Broadband in a research report on Saturday. 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.