Wealthspire Advisors LLC Boosts Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Wealthspire Advisors LLC boosted its position in Liberty Broadband Co. (NASDAQ:LBRDK) by 5.7% during the 4th quarter, Holdings Channel reports. The fund owned 4,543 shares of the company’s stock after acquiring an additional 244 shares during the quarter. Wealthspire Advisors LLC’s holdings in Liberty Broadband were worth $340,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in LBRDK. Barclays PLC raised 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 purchasing an additional 415,496 shares in the last quarter. Hi Line Capital Management LLC grew its position in Liberty Broadband by 498.4% in the 3rd quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company’s stock valued at $10,902,000 after buying an additional 117,483 shares during the last quarter. ABC Arbitrage SA purchased a new position in Liberty Broadband in the 4th quarter valued at $563,000. Point72 Asset Management L.P. grew its position in Liberty Broadband by 54.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 294,641 shares of the company’s stock valued at $22,773,000 after buying an additional 104,272 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of Liberty Broadband by 9,029.0% during the 3rd quarter. International Assets Investment Management LLC now owns 12,598 shares of the company’s stock worth $974,000 after purchasing an additional 12,460 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Analysts Set New Price Targets

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

Liberty Broadband Price Performance

Liberty Broadband stock opened at $81.21 on Friday. The firm’s 50-day simple moving average is $77.85 and its 200 day simple moving average is $76.91. 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 $11.60 billion, a PE ratio of 14.96 and a beta of 1.04. 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 (NASDAQ:LBRDK) last announced its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $3.67 by ($1.63). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. On average, equities research analysts predict that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.

Insider Activity

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total value of $9,967,500.00. Following the completion of the transaction, the chief executive officer now owns 1,435,256 shares in the company, valued at $114,447,313.44. This represents a 8.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 10.80% of the company’s 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.