Charles Schwab Investment Management Inc. Raises Position in Liberty Broadband Corporation $LBRDK

Charles Schwab Investment Management Inc. raised its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 0.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,025,474 shares of the company’s stock after buying an additional 5,763 shares during the period. Charles Schwab Investment Management Inc. owned about 0.72% of Liberty Broadband worth $100,886,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. American Century Companies Inc. lifted its stake in shares of Liberty Broadband by 3.8% in the 2nd quarter. American Century Companies Inc. now owns 38,526 shares of the company’s stock valued at $3,790,000 after acquiring an additional 1,420 shares during the last quarter. AlphaCore Capital LLC purchased a new position in Liberty Broadband in the 2nd quarter worth approximately $80,000. Franklin Resources Inc. lifted its position in Liberty Broadband by 16.7% in the second quarter. Franklin Resources Inc. now owns 2,478 shares of the company’s stock valued at $244,000 after purchasing an additional 355 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Liberty Broadband by 8.6% during the second quarter. Legal & General Group Plc now owns 144,474 shares of the company’s stock valued at $14,213,000 after purchasing an additional 11,452 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Liberty Broadband by 3.4% in the second quarter. JPMorgan Chase & Co. now owns 382,815 shares of the company’s stock worth $37,661,000 after purchasing an additional 12,456 shares during the last quarter. 80.22% of the stock is owned by institutional investors.

Liberty Broadband Stock Performance

NASDAQ:LBRDK opened at $46.39 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.19. The firm’s fifty day simple moving average is $55.12 and its 200 day simple moving average is $71.33. The stock has a market cap of $6.66 billion, a P/E ratio of 8.40 and a beta of 1.01. Liberty Broadband Corporation has a twelve month low of $44.63 and a twelve month high of $104.00.

Liberty Broadband (NASDAQ:LBRDK) last posted its earnings results on Wednesday, November 5th. The company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.20 by $0.57. The firm had revenue of $257.00 million during the quarter, compared to analysts’ expectations of $267.70 million. Liberty Broadband had a net margin of 105.04% and a return on equity of 12.23%. As a group, research analysts predict that Liberty Broadband Corporation will post 7.71 EPS for the current year.

Analyst Ratings Changes

LBRDK has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Liberty Broadband in a report on Wednesday. Wall Street Zen cut shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Liberty Broadband presently has an average rating of “Sell”.

About Liberty Broadband

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.