Nilsine Partners LLC Buys 6,922 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Nilsine Partners LLC lifted its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 234.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 9,870 shares of the company’s stock after acquiring an additional 6,922 shares during the quarter. Nilsine Partners LLC’s holdings in Liberty Broadband were worth $738,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of Liberty Broadband by 6.4% in the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after acquiring an additional 415,496 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Liberty Broadband by 23.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company’s stock worth $268,045,000 after purchasing an additional 686,089 shares during the period. Geode Capital Management LLC lifted its stake in Liberty Broadband by 1.6% in the third quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company’s stock worth $155,736,000 after purchasing an additional 31,484 shares during the last quarter. Millennium Management LLC boosted its position in Liberty Broadband by 67.4% during the second quarter. Millennium Management LLC now owns 1,032,186 shares of the company’s stock valued at $56,584,000 after buying an additional 415,619 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Liberty Broadband by 63.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 940,168 shares of the company’s stock valued at $72,666,000 after buying an additional 366,614 shares during the last quarter. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Price Performance

Shares of Liberty Broadband stock opened at $80.76 on Wednesday. The company’s fifty day simple moving average is $79.85 and its two-hundred day simple moving average is $74.21. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $101.50. The firm has a market cap of $11.54 billion, a PE ratio of 14.87 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 earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($1.69). The business had revenue of $262.00 million during the quarter, compared to the consensus estimate 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 previous year, the business earned $1.10 earnings per share. As a group, equities analysts expect that Liberty Broadband Co. will post 7.71 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Liberty Broadband in a report on Friday, January 24th. They set a “sell” rating for the company.

Insider Activity

In other news, CEO Gregory B. Maffei sold 71,500 shares of Liberty Broadband stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $82.00, for a total transaction of $5,863,000.00. Following the sale, the chief executive officer now 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 document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 196,542 shares of company stock valued at $15,834,108. Company 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.