Virtu Financial LLC Boosts Stake in Liberty Broadband Co. (NASDAQ:LBRDA)

Virtu Financial LLC lifted its holdings in Liberty Broadband Co. (NASDAQ:LBRDA) by 199.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 107,135 shares of the company’s stock after acquiring an additional 71,354 shares during the quarter. Liberty Broadband accounts for 0.4% of Virtu Financial LLC’s holdings, making the stock its 28th biggest position. Virtu Financial LLC owned approximately 0.07% of Liberty Broadband worth $7,967,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LBRDA. Farther Finance Advisors LLC lifted its stake in shares of Liberty Broadband by 891.9% in the fourth quarter. Farther Finance Advisors LLC now owns 367 shares of the company’s stock worth $27,000 after buying an additional 330 shares in the last quarter. Franklin Resources Inc. acquired a new position in Liberty Broadband during the 3rd quarter worth approximately $30,000. Paloma Partners Management Co acquired a new position in Liberty Broadband during the 3rd quarter worth approximately $54,000. AlphaQuest LLC grew its holdings in Liberty Broadband by 4,115.0% during the 4th quarter. AlphaQuest LLC now owns 843 shares of the company’s stock worth $63,000 after acquiring an additional 823 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its position in shares of Liberty Broadband by 116.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 990 shares of the company’s stock worth $76,000 after buying an additional 533 shares during the last quarter. Institutional investors and hedge funds own 10.29% of the company’s stock.

Liberty Broadband Stock Up 0.5 %

Shares of NASDAQ:LBRDA opened at $83.42 on Friday. The firm has a 50 day simple moving average of $79.50 and a 200-day simple moving average of $78.54. Liberty Broadband Co. has a twelve month low of $47.17 and a twelve month high of $100.44. The company has a market capitalization of $11.95 billion, a PE ratio of 15.36 and a beta of 1.08. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40.

Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.31. The business had revenue of $263.00 million for the quarter, compared to analysts’ expectations of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.