Lazard Asset Management LLC Acquires 5,838 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Lazard Asset Management LLC lifted its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 39.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,594 shares of the company’s stock after purchasing an additional 5,838 shares during the period. Lazard Asset Management LLC’s holdings in Liberty Broadband were worth $1,539,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in LBRDK. Smartleaf Asset Management LLC increased its stake in Liberty Broadband by 61.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock valued at $30,000 after acquiring an additional 154 shares during the period. Blue Trust Inc. increased its stake in Liberty Broadband by 134.3% during the fourth quarter. Blue Trust Inc. now owns 464 shares of the company’s stock valued at $36,000 after acquiring an additional 266 shares during the period. Lee Danner & Bass Inc. bought a new position in Liberty Broadband during the fourth quarter valued at about $36,000. Jones Financial Companies Lllp increased its stake in Liberty Broadband by 138.0% during the fourth quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock valued at $36,000 after acquiring an additional 283 shares during the period. Finally, R Squared Ltd bought a new position in Liberty Broadband during the fourth quarter valued at about $37,000. 80.22% of the stock is currently owned by institutional investors.

Liberty Broadband Stock Up 4.1%

NASDAQ LBRDK opened at $101.29 on Monday. The firm has a market cap of $14.51 billion, a PE ratio of 18.65 and a beta of 1.02. Liberty Broadband Co. has a one year low of $49.38 and a one year high of $104.00. The stock’s 50 day simple moving average is $84.41 and its 200 day simple moving average is $82.81. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 EPS for the quarter. The business had revenue of $256.00 million for the quarter. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. As a group, sell-side analysts forecast that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Liberty Broadband in a report on Friday. They set a “sell” rating on the stock.

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.