Daiwa Securities Group Inc. Has $608,000 Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

Daiwa Securities Group Inc. lifted its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 4.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,545 shares of the company’s stock after buying an additional 300 shares during the period. Daiwa Securities Group Inc.’s holdings in Liberty Broadband were worth $608,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. CWM LLC boosted its stake in Liberty Broadband by 6.1% during the third quarter. CWM LLC now owns 1,957 shares of the company’s stock worth $179,000 after acquiring an additional 112 shares in the last quarter. Oak Thistle LLC bought a new position in shares of Liberty Broadband during the 3rd quarter worth about $464,000. Asset Management One Co. Ltd. boosted its position in shares of Liberty Broadband by 8.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 53,214 shares of the company’s stock worth $4,860,000 after purchasing an additional 4,116 shares in the last quarter. Handelsbanken Fonder AB grew its stake in shares of Liberty Broadband by 9.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 19,481 shares of the company’s stock valued at $1,779,000 after buying an additional 1,602 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Liberty Broadband by 101.2% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 16,300 shares of the company’s stock valued at $1,489,000 after buying an additional 8,200 shares in the last quarter. 80.22% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Trading Down 1.2 %

NASDAQ:LBRDK opened at $49.39 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.42 and a quick ratio of 2.42. Liberty Broadband Co. has a one year low of $47.87 and a one year high of $95.68. The company has a market cap of $7.06 billion, a PE ratio of 10.58 and a beta of 0.95. The firm has a 50-day moving average of $55.45 and a 200-day moving average of $71.35.

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 analysts’ consensus estimates of $2.62 by ($1.23). The company had revenue of $250.00 million for the quarter, compared to analyst estimates of $227.82 million. Liberty Broadband had a net margin of 70.13% and a return on equity of 7.76%. As a group, equities research analysts expect that Liberty Broadband Co. will post 10.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Liberty Broadband news, Director J David Wargo sold 15,000 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $51.98, for a total value of $779,700.00. Following the completion of the sale, the director now owns 72,332 shares in the company, valued at approximately $3,759,817.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last ninety days, insiders have sold 45,000 shares of company stock worth $2,435,830. 10.80% of the stock is owned by insiders.

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.