Liberty Broadband Corporation (NASDAQ:LBRDK) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 9.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 155,091 shares of the company’s stock after buying an additional 12,878 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Liberty Broadband were worth $13,191,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Liberty Broadband during the 4th quarter worth approximately $949,000. HighTower Advisors LLC increased its holdings in shares of Liberty Broadband by 24.5% in the 4th quarter. HighTower Advisors LLC now owns 9,643 shares of the company’s stock valued at $721,000 after acquiring an additional 1,896 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Liberty Broadband by 327.4% in the 4th quarter. Farther Finance Advisors LLC now owns 530 shares of the company’s stock valued at $40,000 after acquiring an additional 406 shares during the last quarter. Xponance Inc. increased its holdings in shares of Liberty Broadband by 8.8% in the 4th quarter. Xponance Inc. now owns 7,882 shares of the company’s stock valued at $589,000 after acquiring an additional 639 shares during the last quarter. Finally, Lee Danner & Bass Inc. bought a new stake in shares of Liberty Broadband in the 4th quarter valued at approximately $36,000. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Trading Down 0.4%

NASDAQ:LBRDK opened at $87.38 on Friday. Liberty Broadband Corporation has a 12-month low of $54.71 and a 12-month high of $104.00. The firm has a market capitalization of $12.52 billion, a P/E ratio of 13.96 and a beta of 1.01. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.39 and a quick ratio of 1.39. The business has a 50 day simple moving average of $94.91 and a 200 day simple moving average of $85.81.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 earnings per share (EPS) for the quarter. Liberty Broadband had a return on equity of 9.24% and a net margin of 88.10%. The business had revenue of $256.00 million during the quarter. Equities research analysts predict that Liberty Broadband Corporation will post 7.71 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Liberty Broadband to a “hold” rating in a report on Saturday, July 12th.

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.