Liberty Broadband Corporation (NASDAQ:LBRDK) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 5.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 42,187 shares of the company’s stock after purchasing an additional 2,286 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Liberty Broadband were worth $3,588,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in Liberty Broadband by 61.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock worth $30,000 after buying an additional 154 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Liberty Broadband during the 4th quarter valued at $36,000. Jones Financial Companies Lllp boosted its stake in shares of Liberty Broadband by 138.0% during the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock worth $36,000 after acquiring an additional 283 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Liberty Broadband by 327.4% during the 4th quarter. Farther Finance Advisors LLC now owns 530 shares of the company’s stock worth $40,000 after acquiring an additional 406 shares in the last quarter. Finally, Continuum Advisory LLC acquired a new position in shares of Liberty Broadband in the 1st quarter worth $58,000. Institutional investors and hedge funds own 80.22% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen initiated coverage on Liberty Broadband in a report on Friday, May 16th. They set a “sell” rating for the company.

Liberty Broadband Stock Performance

Shares of LBRDK opened at $94.67 on Thursday. The company has a 50-day moving average of $91.65 and a two-hundred day moving average of $83.82. The stock has a market cap of $13.57 billion, a price-to-earnings ratio of 15.12 and a beta of 1.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.39 and a quick ratio of 1.39. Liberty Broadband Corporation has a one year low of $51.87 and a one year high of $104.00.

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

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.