Governors Lane LP Invests $1.23 Million in Liberty Broadband Co. (NASDAQ:LBRDK)

Governors Lane LP purchased a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) during the fourth quarter, HoldingsChannel reports. The firm purchased 16,394 shares of the company’s stock, valued at approximately $1,226,000.

Several other large investors have also recently added to or reduced their stakes in LBRDK. Graham Capital Management L.P. purchased a new position in Liberty Broadband in the fourth quarter worth $311,000. Focus Partners Wealth acquired a new position in shares of Liberty Broadband during the 4th quarter worth $254,000. Empyrean Capital Partners LP purchased a new position in shares of Liberty Broadband in the 4th quarter valued at about $23,965,000. First Manhattan CO. LLC. lifted its stake in shares of Liberty Broadband by 4.6% in the fourth quarter. First Manhattan CO. LLC. now owns 128,083 shares of the company’s stock valued at $9,575,000 after purchasing an additional 5,607 shares during the period. Finally, Deutsche Bank AG boosted its holdings in Liberty Broadband by 125.6% during the fourth quarter. Deutsche Bank AG now owns 3,060,143 shares of the company’s stock worth $228,776,000 after buying an additional 1,703,637 shares in the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Liberty Broadband Stock Down 0.7 %

LBRDK opened at $92.97 on Friday. Liberty Broadband Co. has a one year low of $49.38 and a one year high of $101.50. The company has a market cap of $13.32 billion, a price-to-earnings ratio of 17.12 and a beta of 1.02. The business’s fifty day moving average is $83.28 and its two-hundred day moving average is $82.25. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.

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

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.