Liberty Broadband Co. (NASDAQ:LBRDK) Shares Purchased by Swiss National Bank

Swiss National Bank increased its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 0.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 229,068 shares of the company’s stock after acquiring an additional 1,600 shares during the period. Swiss National Bank owned approximately 0.16% of Liberty Broadband worth $17,125,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of LBRDK. Atria Investments Inc acquired a new stake in shares of Liberty Broadband during the 3rd quarter valued at about $254,000. KBC Group NV grew its position in shares of Liberty Broadband by 6.9% during the 3rd quarter. KBC Group NV now owns 5,893 shares of the company’s stock valued at $455,000 after acquiring an additional 382 shares during the period. CIBC Asset Management Inc acquired a new stake in shares of Liberty Broadband during the 3rd quarter valued at about $275,000. Commerce Bank boosted its holdings in Liberty Broadband by 13.6% in the 3rd quarter. Commerce Bank now owns 9,644 shares of the company’s stock worth $745,000 after buying an additional 1,153 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Liberty Broadband by 63.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 940,168 shares of the company’s stock worth $72,666,000 after buying an additional 366,614 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Broadband Trading Down 0.4 %

LBRDK stock opened at $81.95 on Wednesday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $101.50. The stock has a market cap of $11.74 billion, a price-to-earnings ratio of 15.09 and a beta of 1.06. The business’s 50-day moving average is $79.70 and its 200 day moving average is $79.01.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings data 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 return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $253.00 million during the quarter, compared to analyst estimates of $252.50 million. On average, sell-side analysts anticipate that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Liberty Broadband in a report on Thursday, March 13th. They issued a “sell” rating on the stock.

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.