Aire Advisors LLC Purchases Shares of 3,507 Liberty Broadband Co. (NASDAQ:LBRDA)

Aire Advisors LLC purchased a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDA) in the 4th quarter, Holdings Channel reports. The firm purchased 3,507 shares of the company’s stock, valued at approximately $261,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC increased its stake in Liberty Broadband by 1.0% in the third quarter. FMR LLC now owns 2,761,528 shares of the company’s stock valued at $212,141,000 after purchasing an additional 26,241 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Liberty Broadband by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 1,462,794 shares of the company’s stock worth $108,773,000 after purchasing an additional 49,547 shares during the period. Wealthfront Advisers LLC acquired a new position in Liberty Broadband during the fourth quarter valued at approximately $35,441,000. Seizert Capital Partners LLC grew its stake in Liberty Broadband by 7.5% during the fourth quarter. Seizert Capital Partners LLC now owns 423,895 shares of the company’s stock worth $31,521,000 after buying an additional 29,477 shares during the period. Finally, Virtu Financial LLC increased its position in shares of Liberty Broadband by 199.4% in the fourth quarter. Virtu Financial LLC now owns 107,135 shares of the company’s stock worth $7,967,000 after acquiring an additional 71,354 shares in the last quarter. 10.29% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Stock Performance

Shares of NASDAQ:LBRDA opened at $84.35 on Tuesday. Liberty Broadband Co. has a one year low of $47.17 and a one year high of $100.44. The company has a market cap of $12.09 billion, a P/E ratio of 15.53 and a beta of 1.08. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The business’s 50-day simple moving average is $79.72 and its 200 day simple moving average is $78.97.

Liberty Broadband (NASDAQ:LBRDA) last issued its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.31. The firm had revenue of $263.00 million during the quarter, compared to analyst estimates of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.