Athos Capital Ltd lowered its holdings in Liberty Broadband Co. (NASDAQ:LBRDK – Free Report) by 3.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 57,900 shares of the company’s stock after selling 2,100 shares during the period. Liberty Broadband makes up 2.0% of Athos Capital Ltd’s holdings, making the stock its 5th biggest holding. Athos Capital Ltd’s holdings in Liberty Broadband were worth $4,329,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of LBRDK. Vanguard Group Inc. increased its holdings in Liberty Broadband by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 11,064,423 shares of the company’s stock valued at $827,176,000 after purchasing an additional 95,599 shares during the last quarter. Barclays PLC grew its stake in shares of Liberty Broadband by 6.4% in the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock valued at $533,251,000 after buying an additional 415,496 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Liberty Broadband by 23.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company’s stock valued at $268,045,000 after buying an additional 686,089 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Liberty Broadband by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company’s stock valued at $155,736,000 after buying an additional 31,484 shares during the period. Finally, Madison Investment Advisors LLC acquired a new position in Liberty Broadband during the 4th quarter worth about $122,714,000. Institutional investors and hedge funds own 80.22% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on shares of Liberty Broadband in a research note on Saturday, March 29th. They set a “sell” rating on the stock.
Liberty Broadband Stock Performance
NASDAQ:LBRDK opened at $84.52 on Friday. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50. The company has a fifty day simple moving average of $81.91 and a two-hundred day simple moving average of $80.81. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The company has a market cap of $12.11 billion, a price-to-earnings ratio of 15.57 and a beta of 1.06.
Liberty Broadband (NASDAQ:LBRDK – Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing the consensus estimate of $3.67 by ($1.63). The company had revenue of $253.00 million for 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%. As a group, equities analysts anticipate that Liberty Broadband Co. will post 7.71 earnings per share 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.
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