Alliancebernstein L.P. Boosts Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

Alliancebernstein L.P. grew its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 55,085 shares of the company’s stock after buying an additional 3,897 shares during the quarter. Alliancebernstein L.P.’s holdings in Liberty Broadband were worth $4,118,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Barclays PLC lifted its holdings in Liberty Broadband by 6.4% during the 3rd 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. ABC Arbitrage SA bought a new stake in shares of Liberty Broadband during the fourth quarter valued at approximately $563,000. Wolverine Asset Management LLC boosted its holdings in shares of Liberty Broadband by 458.8% in the fourth quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company’s stock valued at $710,000 after purchasing an additional 7,799 shares during the period. Everence Capital Management Inc. bought a new position in Liberty Broadband in the fourth quarter worth approximately $229,000. Finally, Investment Management Associates Inc. ADV increased its holdings in Liberty Broadband by 2.1% during the 4th quarter. Investment Management Associates Inc. ADV now owns 223,440 shares of the company’s stock worth $16,704,000 after purchasing an additional 4,640 shares during the period. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Liberty Broadband Trading Down 0.2 %

Shares of NASDAQ:LBRDK opened at $76.84 on Monday. The company has a market capitalization of $11.01 billion, a PE ratio of 14.15 and a beta of 1.03. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $101.50. The business’s fifty day simple moving average is $81.66 and its 200-day simple moving average is $81.50.

Liberty Broadband (NASDAQ:LBRDK) last announced its earnings results on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $3.67 by ($1.63). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $253.00 million during the quarter, compared to the consensus estimate of $252.50 million. As a group, equities research analysts predict 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.