First Manhattan CO. LLC. Boosts Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

First Manhattan CO. LLC. raised its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 4.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 128,083 shares of the company’s stock after purchasing an additional 5,607 shares during the quarter. First Manhattan CO. LLC.’s holdings in Liberty Broadband were worth $9,575,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted its stake in shares of Liberty Broadband by 61.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock valued at $30,000 after purchasing an additional 154 shares during the period. Blue Trust Inc. boosted its stake in shares of Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company’s stock worth $36,000 after acquiring an additional 266 shares in the last quarter. Jones Financial Companies Lllp grew 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 worth $36,000 after acquiring an additional 283 shares during the period. Lee Danner & Bass Inc. acquired a new position in Liberty Broadband during the fourth quarter worth $36,000. Finally, R Squared Ltd purchased a new stake in Liberty Broadband during the fourth quarter worth $37,000. Institutional investors and hedge funds own 80.22% of the company’s stock.

Liberty Broadband Stock Down 0.7 %

LBRDK stock opened at $92.97 on Friday. 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 12 month low of $49.38 and a 12 month high of $101.50. The firm has a market capitalization of $13.32 billion, a PE ratio of 17.12 and a beta of 1.02. The company’s 50 day simple moving average is $83.28 and its 200-day simple moving average is $82.25.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The company had revenue of $256.00 million during the quarter. Equities analysts expect that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Liberty Broadband in a research note on Thursday. They set a “sell” rating for the company.

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.