Mirae Asset Global Investments Co. Ltd. Buys Shares of 10,232 Liberty Broadband Co. (NASDAQ:LBRDK)

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,232 shares of the company’s stock, valued at approximately $825,000.

A number of other institutional investors also recently modified their holdings of LBRDK. Barclays PLC boosted its stake in shares of Liberty Broadband by 315.0% during the 3rd quarter. Barclays PLC now owns 2,675,919 shares of the company’s stock valued at $244,364,000 after buying an additional 2,031,168 shares during the period. UBS Group AG lifted its stake in shares of Liberty Broadband by 21.7% in the 3rd quarter. UBS Group AG now owns 8,626,349 shares of the company’s stock valued at $787,758,000 after purchasing an additional 1,536,718 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Liberty Broadband by 179.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,334,499 shares of the company’s stock valued at $107,547,000 after purchasing an additional 857,187 shares during the last quarter. Aristeia Capital LLC lifted its stake in shares of Liberty Broadband by 6.0% in the 3rd quarter. Aristeia Capital LLC now owns 6,435,596 shares of the company’s stock valued at $587,699,000 after purchasing an additional 363,554 shares during the last quarter. Finally, CQS US LLC lifted its stake in shares of Liberty Broadband by 52.2% in the 3rd quarter. CQS US LLC now owns 573,265 shares of the company’s stock valued at $52,351,000 after purchasing an additional 196,525 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Insider Transactions at Liberty Broadband

In related news, Director J David Wargo sold 9,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $56.80, for a total transaction of $511,200.00. Following the completion of the sale, the director now owns 97,332 shares in the company, valued at approximately $5,528,457.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders sold 45,000 shares of company stock worth $2,435,830. 10.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Citigroup reduced their price target on Liberty Broadband from $108.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th.

Liberty Broadband Stock Performance

LBRDK opened at $50.01 on Thursday. The company has a market cap of $7.15 billion, a PE ratio of 10.71 and a beta of 0.95. The stock has a 50-day moving average of $55.67 and a 200-day moving average of $71.50. Liberty Broadband Co. has a 52-week low of $47.87 and a 52-week high of $95.68. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.42 and a current ratio of 2.42.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings results on Friday, February 16th. The company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by ($1.23). The company had revenue of $250.00 million for the quarter, compared to the consensus estimate of $227.82 million. Liberty Broadband had a return on equity of 7.76% and a net margin of 70.13%. As a group, equities research analysts forecast that Liberty Broadband Co. will post 10.14 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.