Liberty Broadband Co. (NASDAQ:LBRDK) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,416 shares of the company’s stock after acquiring an additional 280 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Liberty Broadband were worth $853,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of LBRDK. HighTower Advisors LLC grew its stake in shares of Liberty Broadband by 24.5% during the 4th quarter. HighTower Advisors LLC now owns 9,643 shares of the company’s stock valued at $721,000 after buying an additional 1,896 shares during the period. S&CO Inc. grew its stake in shares of Liberty Broadband by 0.6% during the 4th quarter. S&CO Inc. now owns 182,196 shares of the company’s stock valued at $13,620,000 after buying an additional 1,135 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Liberty Broadband by 29.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 7,900 shares of the company’s stock valued at $591,000 after buying an additional 1,815 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Liberty Broadband by 1.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,786 shares of the company’s stock valued at $1,479,000 after buying an additional 359 shares during the period. Finally, Machina Capital S.A.S. grew its stake in shares of Liberty Broadband by 3.0% during the 4th quarter. Machina Capital S.A.S. now owns 95,132 shares of the company’s stock valued at $7,112,000 after buying an additional 2,800 shares during the period. Institutional investors and hedge funds own 80.22% of the company’s stock.

Wall Street Analyst Weigh In

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

Liberty Broadband Stock Up 2.9 %

Shares of Liberty Broadband stock opened at $81.38 on Monday. The company has a fifty day moving average price of $79.45 and a 200 day moving average price of $78.73. 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 twelve month low of $46.46 and a twelve month high of $101.50. The stock has a market cap of $11.66 billion, a price-to-earnings ratio of 14.99 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 EPS for the quarter, missing analysts’ consensus estimates 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. Equities research analysts forecast that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

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.