Oak Thistle LLC Acquires 4,167 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Oak Thistle LLC lifted its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 146.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,020 shares of the company’s stock after buying an additional 4,167 shares during the quarter. Oak Thistle LLC’s holdings in Liberty Broadband were worth $525,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Fiduciary Alliance LLC bought a new stake in Liberty Broadband in the 4th quarter valued at about $376,000. Everence Capital Management Inc. bought a new stake in shares of Liberty Broadband during the fourth quarter valued at approximately $229,000. Franklin Resources Inc. bought a new stake in shares of Liberty Broadband during the third quarter valued at approximately $175,000. Tidal Investments LLC bought a new position in shares of Liberty Broadband in the 3rd quarter worth $217,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Liberty Broadband in the 3rd quarter valued at $8,773,000. Institutional investors own 80.22% of the company’s stock.

Wall Street Analyst Weigh In

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

Liberty Broadband Stock Down 0.1 %

Shares of NASDAQ:LBRDK opened at $75.85 on Friday. The business’s 50 day moving average is $82.33 and its 200 day moving average is $72.71. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $101.50. The stock has a market cap of $10.84 billion, a price-to-earnings ratio of 13.97 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 posted its quarterly earnings data on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). The firm had revenue of $262.00 million for the quarter, compared to analysts’ expectations of $237.41 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same period in the prior year, the firm earned $1.10 earnings per share. On average, sell-side analysts forecast that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Gregory B. Maffei sold 71,500 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $82.00, for a total value of $5,863,000.00. Following the transaction, the chief executive officer now directly owns 2,827,013 shares of the company’s stock, valued at approximately $231,815,066. The trade was a 2.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 196,542 shares of company stock valued at $15,834,108. 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.