Liberty Broadband Co. (NASDAQ:LBRDK) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC boosted its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 9.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 425,674 shares of the company’s stock after acquiring an additional 38,126 shares during the quarter. Natixis Advisors LLC owned about 0.30% of Liberty Broadband worth $31,823,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Groupama Asset Managment acquired a new stake in Liberty Broadband during the 3rd quarter worth about $25,000. Quarry LP purchased a new position in shares of Liberty Broadband during the 3rd quarter valued at about $28,000. Smartleaf Asset Management LLC raised its stake in shares of Liberty Broadband by 61.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock valued at $30,000 after buying an additional 154 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company’s stock valued at $36,000 after buying an additional 266 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of Liberty Broadband by 138.0% during the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock valued at $36,000 after buying an additional 283 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Liberty Broadband Stock Performance

NASDAQ LBRDK opened at $81.38 on Monday. The stock has a 50-day simple moving average of $79.45 and a two-hundred day simple moving average of $78.73. The firm has a market capitalization of $11.66 billion, a P/E ratio of 14.99 and a beta of 1.06. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share 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 analysts’ expectations of $252.50 million. On average, equities analysts forecast that Liberty Broadband Co. will post 7.71 earnings per share for the current year.

Insider Activity at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 125,000 shares of Liberty Broadband stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total value of $9,967,500.00. Following the sale, the chief executive officer now directly owns 1,435,256 shares in the company, valued at approximately $114,447,313.44. The trade was a 8.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 10.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Liberty Broadband in a research note on Thursday. 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.