Magnetar Financial LLC Invests $46.91 Million in Liberty Broadband Co. (NASDAQ:LBRDK)

Magnetar Financial LLC purchased a new position in Liberty Broadband Co. (NASDAQ:LBRDK) during the fourth quarter, HoldingsChannel reports. The firm purchased 627,419 shares of the company’s stock, valued at approximately $46,906,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of LBRDK. Groupama Asset Managment purchased a new position in shares of Liberty Broadband in the third quarter valued at about $25,000. Quarry LP bought a new stake in Liberty Broadband during the third quarter worth approximately $28,000. Smartleaf Asset Management LLC increased its stake in Liberty Broadband by 61.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock worth $30,000 after acquiring an additional 154 shares during the last quarter. Blue Trust Inc. increased its stake in Liberty Broadband by 134.3% during the fourth quarter. Blue Trust Inc. now owns 464 shares of the company’s stock worth $36,000 after acquiring an additional 266 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in Liberty Broadband by 138.0% during 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 last quarter. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Liberty Broadband in a research note on Thursday, March 13th. They set a “sell” rating on the stock.

Liberty Broadband Trading Down 0.7 %

LBRDK opened at $81.40 on Thursday. The stock has a market cap of $11.66 billion, a price-to-earnings ratio of 14.99 and a beta of 1.06. The stock’s 50 day moving average price is $79.81 and its 200-day moving average price is $79.02. Liberty Broadband Co. has a one year low of $46.46 and a one year high of $101.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDK) last released 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). The business had revenue of $253.00 million for the quarter, compared to the consensus estimate of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. On average, equities analysts forecast that Liberty Broadband Co. will post 7.71 EPS for the current year.

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.