Arrowstreet Capital Limited Partnership Increases Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

Arrowstreet Capital Limited Partnership increased its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 72.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 464,385 shares of the company’s stock after acquiring an additional 195,482 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Liberty Broadband were worth $34,717,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Groupama Asset Managment bought a new position in shares of Liberty Broadband in the 3rd quarter worth $25,000. Quarry LP purchased a new position in Liberty Broadband in the third quarter valued at about $28,000. Smartleaf Asset Management LLC raised its holdings in Liberty Broadband by 61.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock worth $30,000 after purchasing an additional 154 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Liberty Broadband by 134.3% during the fourth quarter. Blue Trust Inc. now owns 464 shares of the company’s stock valued at $36,000 after buying an additional 266 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Liberty Broadband by 138.0% in the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock valued at $36,000 after buying an additional 283 shares in the last quarter. 80.22% of the stock is currently owned by institutional investors.

Liberty Broadband Stock Up 2.4 %

Shares of LBRDK stock opened at $87.57 on Thursday. The stock’s fifty day moving average price is $81.80 and its 200 day moving average price is $80.78. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. Liberty Broadband Co. has a 1-year low of $46.46 and a 1-year high of $101.50. The company has a market cap of $12.55 billion, a price-to-earnings ratio of 16.13 and a beta of 1.06.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.67 by ($1.63). The company 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, research analysts expect that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a research note on Saturday, March 29th. They set a “sell” rating for the company.

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.