Renaissance Technologies LLC Has $22.26 Million Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Renaissance Technologies LLC grew its stake in Liberty Broadband Co. (NASDAQ:LBRDK) by 675.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 297,711 shares of the company’s stock after purchasing an additional 259,336 shares during the quarter. Renaissance Technologies LLC owned about 0.21% of Liberty Broadband worth $22,257,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Liberty Broadband by 0.9% during 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 during the period. Barclays PLC increased its position in shares of Liberty Broadband by 6.4% in 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. Assenagon Asset Management S.A. raised its stake in Liberty Broadband by 23.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company’s stock worth $268,045,000 after buying an additional 686,089 shares during the period. Finepoint Capital LP grew its stake 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 acquiring an additional 21,200 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Liberty Broadband by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company’s stock valued at $155,736,000 after purchasing an additional 31,484 shares in the last quarter. 80.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Liberty Broadband in a research report on Sunday, April 6th. They issued a “sell” rating on the stock.

Liberty Broadband Price Performance

NASDAQ LBRDK opened at $76.84 on Friday. The firm’s 50 day moving average is $81.66 and its 200-day moving average is $81.46. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $11.01 billion, a PE ratio of 14.15 and a beta of 1.03. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.67 by ($1.63). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $253.00 million during the quarter, compared to analyst estimates of $252.50 million. Equities research analysts anticipate 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.