Farther Finance Advisors LLC Grows Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Farther Finance Advisors LLC boosted its stake in Liberty Broadband Co. (NASDAQ:LBRDK) by 327.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 530 shares of the company’s stock after acquiring an additional 406 shares during the quarter. Farther Finance Advisors LLC’s holdings in Liberty Broadband were worth $40,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Barclays PLC grew its holdings in Liberty Broadband by 6.4% in the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock valued at $533,251,000 after purchasing an additional 415,496 shares during the period. Assenagon Asset Management S.A. grew its holdings in Liberty Broadband by 23.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company’s stock valued at $268,045,000 after purchasing an additional 686,089 shares during the period. Geode Capital Management LLC grew its holdings in Liberty Broadband by 1.6% in the third quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company’s stock valued at $155,736,000 after purchasing an additional 31,484 shares during the period. Charles Schwab Investment Management Inc. grew its holdings 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 purchasing an additional 32,376 shares during the period. Finally, Rothschild & Co Wealth Management UK Ltd grew its holdings 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 purchasing an additional 6,841 shares during the period. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Trading Up 0.2 %

Shares of LBRDK stock opened at $83.69 on Monday. The stock has a market cap of $11.99 billion, a price-to-earnings ratio of 15.41 and a beta of 1.06. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. The firm’s 50 day moving average price is $80.15 and its two-hundred day moving average price is $79.46.

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

Analyst Ratings Changes

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

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.