Banco BTG Pactual S.A. Takes Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Banco BTG Pactual S.A. acquired a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,120 shares of the company’s stock, valued at approximately $541,000.

Several other large investors also recently added to or reduced their stakes in LBRDK. Groupama Asset Managment purchased a new stake in shares of Liberty Broadband during the third quarter valued at approximately $25,000. Quarry LP purchased a new stake in Liberty Broadband during the 3rd quarter valued at $28,000. Smartleaf Asset Management LLC boosted its holdings in shares of Liberty Broadband by 61.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock valued at $30,000 after acquiring an additional 154 shares during the last quarter. Blue Trust Inc. boosted its holdings in Liberty Broadband by 134.3% in the fourth quarter. Blue Trust Inc. now owns 464 shares of the company’s stock worth $36,000 after purchasing an additional 266 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of Liberty Broadband by 138.0% in the fourth quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock worth $36,000 after acquiring an additional 283 shares during the period. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Liberty Broadband Stock Performance

Shares of NASDAQ:LBRDK opened at $86.31 on Wednesday. The firm has a 50 day moving average of $80.58 and a 200 day moving average of $79.81. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $12.37 billion, a price-to-earnings ratio of 15.90 and a beta of 1.06. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50.

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

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Liberty Broadband in a research note on Friday, March 21st. They issued a “sell” rating for the company.

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.