Wealth Enhancement Advisory Services LLC Boosts Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

Wealth Enhancement Advisory Services LLC increased its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,908 shares of the company’s stock after purchasing an additional 453 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Liberty Broadband were worth $965,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Forum Financial Management LP increased its position in Liberty Broadband by 32.4% during the fourth quarter. Forum Financial Management LP now owns 3,678 shares of the company’s stock worth $275,000 after purchasing an additional 901 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Liberty Broadband by 16.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 331,555 shares of the company’s stock worth $24,787,000 after purchasing an additional 47,667 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in Liberty Broadband during the fourth quarter worth about $4,991,000. Tidal Investments LLC increased its position in Liberty Broadband by 13.5% during the fourth quarter. Tidal Investments LLC now owns 3,182 shares of the company’s stock worth $238,000 after purchasing an additional 379 shares during the last quarter. Finally, Sand Grove Capital Management LLP increased its position in Liberty Broadband by 281.1% during the fourth quarter. Sand Grove Capital Management LLP now owns 129,539 shares of the company’s stock worth $9,684,000 after purchasing an additional 95,546 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Broadband Price Performance

Shares of LBRDK opened at $93.63 on Tuesday. Liberty Broadband Co. has a 1-year low of $49.38 and a 1-year high of $104.00. The stock has a market cap of $13.42 billion, a PE ratio of 17.24 and a beta of 1.00. The firm has a 50-day simple moving average of $88.05 and a two-hundred day simple moving average of $83.19. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $256.00 million during the quarter. As a group, analysts forecast that Liberty Broadband Co. will post 7.71 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen initiated coverage on shares of Liberty Broadband in a research report on Friday, May 16th. They set a “sell” rating for the company.

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.