S&CO Inc. Acquires 1,135 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

S&CO Inc. raised its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 182,196 shares of the company’s stock after purchasing an additional 1,135 shares during the period. Liberty Broadband accounts for 0.9% of S&CO Inc.’s portfolio, making the stock its 29th largest position. S&CO Inc. owned approximately 0.13% of Liberty Broadband worth $13,620,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Barclays PLC increased its position in shares of Liberty Broadband by 6.4% during the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock valued at $533,251,000 after acquiring an additional 415,496 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Liberty Broadband by 23.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,585,407 shares of the company’s stock valued at $268,045,000 after acquiring an additional 686,089 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Liberty Broadband by 1.6% during the third quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company’s stock valued at $155,736,000 after acquiring an additional 31,484 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Liberty Broadband by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 972,544 shares of the company’s stock valued at $72,707,000 after acquiring an additional 32,376 shares in the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd increased its position in shares of Liberty Broadband by 0.8% during the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 838,969 shares of the company’s stock valued at $62,721,000 after acquiring an additional 6,841 shares in the last quarter. Institutional investors own 80.22% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a research report on Wednesday, March 5th. They set a “sell” rating for the company.

Liberty Broadband Trading Down 3.0 %

Shares of LBRDK stock opened at $84.54 on Tuesday. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $101.50. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The firm’s 50 day moving average is $79.07 and its 200 day moving average is $78.24. The stock has a market capitalization of $12.08 billion, a P/E ratio of 15.57 and a beta of 1.06.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $252.50 million. Research analysts expect that Liberty Broadband Co. will post 7.71 earnings per share for the current year.

Insider Activity

In related news, CEO Gregory B. Maffei sold 71,500 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $82.00, for a total value of $5,863,000.00. Following the completion of the transaction, the chief executive officer now owns 2,827,013 shares of the company’s stock, valued at approximately $231,815,066. This represents a 2.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 10.80% of the company’s stock.

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.