Balefire LLC Purchases 227 Shares of Liberty Broadband Corporation (NASDAQ:LBRDK)

Balefire LLC boosted its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK) by 1.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,340 shares of the company’s stock after buying an additional 227 shares during the period. Balefire LLC’s holdings in Liberty Broadband were worth $1,220,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in LBRDK. Wealthspire Advisors LLC increased its stake in Liberty Broadband by 5.7% in the fourth quarter. Wealthspire Advisors LLC now owns 4,543 shares of the company’s stock valued at $340,000 after purchasing an additional 244 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Liberty Broadband by 6.3% during the fourth quarter. Bank of New York Mellon Corp now owns 400,864 shares of the company’s stock worth $29,969,000 after purchasing an additional 23,810 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Liberty Broadband in the 4th quarter valued at $3,588,000. Smartleaf Asset Management LLC increased its position in shares of Liberty Broadband by 61.1% in 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 in the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Liberty Broadband by 138.0% in 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 in the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen started coverage on Liberty Broadband in a report on Friday, May 16th. They set a “sell” rating on the stock.

Liberty Broadband Price Performance

NASDAQ:LBRDK opened at $94.67 on Thursday. The firm has a fifty day simple moving average of $91.65 and a 200 day simple moving average of $83.82. Liberty Broadband Corporation has a 1-year low of $51.87 and a 1-year high of $104.00. The stock has a market capitalization of $13.57 billion, a PE ratio of 15.12 and a beta of 1.00. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35.

Liberty Broadband (NASDAQ:LBRDK) last posted its earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter. Liberty Broadband had a return on equity of 9.24% and a net margin of 88.10%. The business had revenue of $256.00 million for the quarter. On average, research analysts expect that Liberty Broadband Corporation will post 7.71 EPS 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.