Highbridge Capital Management LLC Buys 56,057 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Highbridge Capital Management LLC lifted its stake in Liberty Broadband Co. (NASDAQ:LBRDKFree Report) by 6.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 917,547 shares of the company’s stock after acquiring an additional 56,057 shares during the period. Liberty Broadband makes up 3.0% of Highbridge Capital Management LLC’s portfolio, making the stock its 2nd largest holding. Highbridge Capital Management LLC owned approximately 0.63% of Liberty Broadband worth $73,945,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Victory Capital Management Inc. lifted its position in Liberty Broadband by 7.4% in the third quarter. Victory Capital Management Inc. now owns 61,237 shares of the company’s stock worth $5,592,000 after purchasing an additional 4,244 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Liberty Broadband by 10.8% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 50,481 shares of the company’s stock worth $4,610,000 after purchasing an additional 4,907 shares during the period. Fox Run Management L.L.C. bought a new position in shares of Liberty Broadband during the third quarter valued at $259,000. Barclays PLC lifted its holdings in shares of Liberty Broadband by 315.0% during the third quarter. Barclays PLC now owns 2,675,919 shares of the company’s stock valued at $244,364,000 after acquiring an additional 2,031,168 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Liberty Broadband by 4.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 31,193 shares of the company’s stock valued at $2,849,000 after acquiring an additional 1,298 shares during the period. Institutional investors and hedge funds own 80.22% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Citigroup cut their target price on shares of Liberty Broadband from $108.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th.

Get Our Latest Analysis on Liberty Broadband

Insider Buying and Selling

In related news, Director J David Wargo sold 15,000 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $51.98, for a total transaction of $779,700.00. Following the completion of the sale, the director now directly owns 72,332 shares of the company’s stock, valued at approximately $3,759,817.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last three months, insiders sold 45,000 shares of company stock valued at $2,435,830. 10.80% of the stock is owned by corporate insiders.

Liberty Broadband Trading Up 2.4 %

Liberty Broadband stock traded up $1.23 during trading hours on Thursday, reaching $52.59. 354,028 shares of the company’s stock traded hands, compared to its average volume of 1,247,522. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 1.81. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $95.68. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 8.72 and a beta of 0.97. The firm’s 50 day moving average is $52.11 and its 200-day moving average is $65.24.

Liberty Broadband (NASDAQ:LBRDKGet Free Report) last posted its earnings results on Wednesday, May 8th. The company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.38 by ($0.69). Liberty Broadband had a return on equity of 9.55% and a net margin of 87.75%. The business had revenue of $245.00 million for the quarter, compared to the consensus estimate of $244.41 million. On average, analysts predict that Liberty Broadband Co. will post 9.13 earnings per share for the current year.

About Liberty Broadband

(Free Report)

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.

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Institutional Ownership by Quarter for Liberty Broadband (NASDAQ:LBRDK)

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