Mercer Global Advisors Inc. ADV Purchases New Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

Mercer Global Advisors Inc. ADV purchased a new stake in Liberty Broadband Co. (NASDAQ:LBRDK) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 4,691 shares of the company’s stock, valued at approximately $351,000.

Several other hedge funds have also added to or reduced their stakes in the company. Barclays PLC boosted its holdings in Liberty Broadband by 6.4% during the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after buying an additional 415,496 shares during the last quarter. ABC Arbitrage SA bought a new position in Liberty Broadband during the fourth quarter worth about $563,000. Canada Pension Plan Investment Board boosted its holdings in Liberty Broadband by 331.4% during the fourth quarter. Canada Pension Plan Investment Board now owns 228,200 shares of the company’s stock worth $17,060,000 after buying an additional 175,300 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in Liberty Broadband by 458.8% during the fourth quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company’s stock worth $710,000 after buying an additional 7,799 shares during the last quarter. Finally, Investment Management Associates Inc. ADV boosted its holdings in Liberty Broadband by 2.1% during the fourth quarter. Investment Management Associates Inc. ADV now owns 223,440 shares of the company’s stock worth $16,704,000 after buying an additional 4,640 shares during the last quarter. Institutional investors own 80.22% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Liberty Broadband in a report on Thursday, May 8th. They set a “sell” rating on the stock.

Liberty Broadband Trading Up 0.9%

NASDAQ LBRDK opened at $96.13 on Thursday. The firm has a market cap of $13.77 billion, a P/E ratio of 17.70 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The stock’s 50-day moving average is $83.75 and its 200-day moving average is $82.53. Liberty Broadband Co. has a one year low of $49.38 and a one year high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 EPS for the quarter. The company had revenue of $256.00 million for the quarter. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. Sell-side analysts anticipate that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Liberty Broadband 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.