Boston Partners Boosts Position in Liberty Broadband Corporation $LBRDK

Boston Partners boosted its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK) by 220.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,826 shares of the company’s stock after purchasing an additional 89,263 shares during the quarter. Boston Partners owned about 0.09% of Liberty Broadband worth $12,766,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its position in shares of Liberty Broadband by 195.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 360 shares of the company’s stock worth $35,000 after buying an additional 238 shares during the last quarter. Savant Capital LLC acquired a new stake in Liberty Broadband during the 2nd quarter worth $264,000. Rothschild & Co Wealth Management UK Ltd lifted its position in Liberty Broadband by 12.2% in the second quarter. Rothschild & Co Wealth Management UK Ltd now owns 934,095 shares of the company’s stock valued at $91,896,000 after acquiring an additional 101,214 shares during the last quarter. Machina Capital S.A.S. lifted its position in Liberty Broadband by 42.7% in the second quarter. Machina Capital S.A.S. now owns 135,741 shares of the company’s stock valued at $13,354,000 after acquiring an additional 40,621 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its stake in Liberty Broadband by 56.4% in the second quarter. Wolverine Asset Management LLC now owns 33,307 shares of the company’s stock valued at $3,277,000 after acquiring an additional 12,012 shares in the last quarter. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Stock Down 3.7%

Shares of Liberty Broadband stock opened at $47.39 on Friday. Liberty Broadband Corporation has a one year low of $47.29 and a one year high of $104.00. The company has a market cap of $6.80 billion, a P/E ratio of 8.59 and a beta of 1.01. 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 firm has a fifty day moving average of $58.26 and a two-hundred day moving average of $74.77.

Liberty Broadband (NASDAQ:LBRDK) last issued its earnings results on Wednesday, November 5th. The company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.57. The business had revenue of $257.00 million for the quarter, compared to the consensus estimate of $267.70 million. Liberty Broadband had a net margin of 105.04% and a return on equity of 12.23%. On average, analysts forecast that Liberty Broadband Corporation will post 7.71 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on LBRDK shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Liberty Broadband in a report on Friday, October 31st. Wall Street Zen downgraded shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

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.