Liberty Broadband Corporation (NASDAQ:LBRDK) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 9.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 155,091 shares of the company’s stock after buying an additional 12,878 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.11% of Liberty Broadband worth $13,191,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Liberty Broadband by 0.9% in the fourth 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 in the last quarter. Deutsche Bank AG boosted its holdings in Liberty Broadband by 125.6% in the fourth quarter. Deutsche Bank AG now owns 3,060,143 shares of the company’s stock valued at $228,776,000 after purchasing an additional 1,703,637 shares in the last quarter. Finepoint Capital LP boosted its holdings in Liberty Broadband by 1.1% in the fourth quarter. Finepoint Capital LP now owns 2,015,710 shares of the company’s stock valued at $150,694,000 after purchasing an additional 21,200 shares in the last quarter. Norges Bank acquired a new position in Liberty Broadband in the fourth quarter valued at approximately $100,845,000. Finally, Makaira Partners LLC boosted its holdings in shares of Liberty Broadband by 219.6% in the fourth quarter. Makaira Partners LLC now owns 1,244,270 shares of the company’s stock valued at $93,022,000 after acquiring an additional 854,954 shares during the period. 80.22% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Trading Down 0.4%

Shares of LBRDK stock opened at $87.38 on Friday. Liberty Broadband Corporation has a fifty-two week low of $54.71 and a fifty-two week high of $104.00. The stock has a market cap of $12.52 billion, a P/E ratio of 13.96 and a beta of 1.01. The business has a fifty day simple moving average of $94.91 and a 200-day simple moving average of $85.81. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.35.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 EPS for the quarter. The firm had revenue of $256.00 million during the quarter. Liberty Broadband had a return on equity of 9.24% and a net margin of 88.10%. On average, analysts forecast that Liberty Broadband Corporation will post 7.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Liberty Broadband to a “hold” rating in a report on Saturday, July 12th.

Liberty Broadband 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.