Swiss National Bank Grows Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Swiss National Bank grew its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 0.7% during the fourth quarter, HoldingsChannel reports. The firm owned 229,068 shares of the company’s stock after acquiring an additional 1,600 shares during the period. Swiss National Bank’s holdings in Liberty Broadband were worth $17,125,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Groupama Asset Managment purchased a new stake in shares of Liberty Broadband during the 3rd quarter valued at approximately $25,000. Quarry LP purchased a new stake in shares of Liberty Broadband during the 3rd quarter valued at approximately $28,000. Smartleaf Asset Management LLC raised its position in shares of Liberty Broadband by 61.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock valued at $30,000 after buying an additional 154 shares during the period. Blue Trust Inc. raised its position in shares of Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company’s stock valued at $36,000 after buying an additional 266 shares during the period. Finally, Jones Financial Companies Lllp raised its position in shares of Liberty Broadband by 138.0% during the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock valued at $36,000 after buying an additional 283 shares during the period. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Liberty Broadband in a report on Thursday, March 13th. They issued a “sell” rating for the company.

Liberty Broadband Stock Down 0.4 %

Liberty Broadband stock opened at $81.95 on Wednesday. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week 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. The firm has a 50 day moving average price of $79.70 and a 200 day moving average price of $79.01. The company has a market capitalization of $11.74 billion, a PE ratio of 15.09 and a beta of 1.06.

Liberty Broadband (NASDAQ:LBRDK) last posted its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $3.67 by ($1.63). The company had revenue of $253.00 million during the quarter, compared to analyst estimates of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. Research analysts expect that Liberty Broadband Co. will post 7.71 earnings per share 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.