NINE MASTS CAPITAL Ltd Acquires New Shares in Liberty Broadband Corporation $LBRDK

NINE MASTS CAPITAL Ltd acquired a new stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 101,209 shares of the company’s stock, valued at approximately $9,957,000. Liberty Broadband comprises about 3.1% of NINE MASTS CAPITAL Ltd’s holdings, making the stock its 8th largest holding. NINE MASTS CAPITAL Ltd owned approximately 0.07% of Liberty Broadband at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. SouthState Corp bought a new position in Liberty Broadband during the first quarter valued at approximately $25,000. Parkside Financial Bank & Trust raised its stake in Liberty Broadband by 195.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 360 shares of the company’s stock valued at $35,000 after buying an additional 238 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Liberty Broadband by 1,054.1% during the 2nd quarter. Assetmark Inc. now owns 427 shares of the company’s stock valued at $42,000 after buying an additional 390 shares during the period. Fortitude Family Office LLC purchased a new position in shares of Liberty Broadband in the 2nd quarter worth $48,000. Finally, GAMMA Investing LLC grew its holdings in shares of Liberty Broadband by 39.2% in the second quarter. GAMMA Investing LLC now owns 589 shares of the company’s stock worth $58,000 after acquiring an additional 166 shares during the period. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on LBRDK. Weiss Ratings reissued a “sell (d+)” rating on shares of Liberty Broadband in a research report on Wednesday. Wall Street Zen downgraded shares of Liberty Broadband from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Liberty Broadband Trading Down 0.5%

Shares of Liberty Broadband stock opened at $46.21 on Friday. Liberty Broadband Corporation has a fifty-two week low of $44.63 and a fifty-two week high of $104.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market capitalization of $6.63 billion, a P/E ratio of 8.37 and a beta of 1.01. The company has a fifty day moving average of $55.40 and a 200 day moving average of $71.66.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings data on Wednesday, November 5th. The company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.57. Liberty Broadband had a net margin of 105.04% and a return on equity of 12.23%. The firm had revenue of $257.00 million for the quarter, compared to analysts’ expectations of $267.70 million. On average, sell-side analysts anticipate that Liberty Broadband Corporation will post 7.71 earnings per share for the current fiscal year.

Liberty Broadband Company 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.