Savant Capital LLC Invests $264,000 in Liberty Broadband Corporation $LBRDK

Savant Capital LLC bought a new position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) in the 2nd quarter, Holdings Channel.com reports. The firm bought 2,679 shares of the company’s stock, valued at approximately $264,000.

Other large investors also recently added to or reduced their stakes in the company. Hsbc Holdings PLC boosted its stake in Liberty Broadband by 6,649.1% in the 1st quarter. Hsbc Holdings PLC now owns 878,124 shares of the company’s stock worth $73,923,000 after purchasing an additional 865,113 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Liberty Broadband by 94.3% in the first quarter. Goldman Sachs Group Inc. now owns 778,238 shares of the company’s stock worth $66,189,000 after buying an additional 377,602 shares in the last quarter. Jane Street Group LLC lifted its stake in Liberty Broadband by 283.7% in the 1st quarter. Jane Street Group LLC now owns 396,532 shares of the company’s stock worth $33,725,000 after purchasing an additional 293,176 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Liberty Broadband by 13.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,310,698 shares of the company’s stock worth $196,522,000 after buying an additional 275,354 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its position in shares of Liberty Broadband by 21.2% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,491,606 shares of the company’s stock valued at $126,861,000 after acquiring an additional 260,470 shares during the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Trading Down 0.5%

LBRDK opened at $46.37 on Wednesday. The firm has a market cap of $6.65 billion, a price-to-earnings ratio of 8.40 and a beta of 1.01. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.19. The stock has a fifty day moving average price of $57.44 and a 200-day moving average price of $73.68. Liberty Broadband Corporation has a 12 month low of $46.08 and a 12 month high of $104.00.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings results on Wednesday, November 5th. The company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.57. Liberty Broadband had a net margin of 105.04% and a return on equity of 12.23%. The business had revenue of $257.00 million for the quarter, compared to analysts’ expectations of $267.70 million. As a group, equities research analysts anticipate that Liberty Broadband Corporation will post 7.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on LBRDK. Wall Street Zen downgraded shares of Liberty Broadband from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Weiss Ratings cut shares of Liberty Broadband from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

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.