2,850 Shares in Liberty Broadband Co. (NASDAQ:LBRDK) Purchased by Vestcor Inc

Vestcor Inc acquired a new position in Liberty Broadband Co. (NASDAQ:LBRDK) in the fourth quarter, HoldingsChannel reports. The fund acquired 2,850 shares of the company’s stock, valued at approximately $213,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Barclays PLC lifted 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 buying an additional 415,496 shares during the last quarter. ABC Arbitrage SA purchased a new stake in shares of Liberty Broadband during the fourth quarter valued at about $563,000. Wolverine Asset Management LLC lifted its position in shares of Liberty Broadband by 458.8% during the fourth quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company’s stock valued at $710,000 after buying an additional 7,799 shares during the last quarter. Point72 Asset Management L.P. lifted its position in shares of Liberty Broadband by 54.8% during the third quarter. Point72 Asset Management L.P. now owns 294,641 shares of the company’s stock valued at $22,773,000 after buying an additional 104,272 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in shares of Liberty Broadband during the fourth quarter valued at about $229,000. 80.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Stock Performance

LBRDK opened at $81.95 on Wednesday. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $101.50. 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 cap of $11.74 billion, a P/E ratio of 15.09 and a beta of 1.06. The firm’s 50-day moving average price is $79.70 and its 200-day moving average price 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 net margin of 78.07% and a return on equity of 8.45%. The company had revenue of $253.00 million for the quarter, compared to analyst estimates of $252.50 million. As a group, equities analysts anticipate that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Liberty Broadband in a research report on Thursday, March 13th. They set a “sell” rating for the company.

Liberty Broadband 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.