Banco BTG Pactual S.A. Makes New Investment in Liberty Broadband Co. (NASDAQ:LBRDK)

Banco BTG Pactual S.A. acquired a new stake in Liberty Broadband Co. (NASDAQ:LBRDK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,120 shares of the company’s stock, valued at approximately $541,000.

Several other hedge funds have also modified their holdings of the stock. Groupama Asset Managment purchased a new position in shares of Liberty Broadband in the 3rd quarter valued at $25,000. Quarry LP acquired a new position in Liberty Broadband in the third quarter valued at $28,000. Smartleaf Asset Management LLC grew its holdings in shares of Liberty Broadband by 61.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock worth $30,000 after purchasing an additional 154 shares during the last quarter. Blue Trust Inc. increased its position in shares of Liberty Broadband by 134.3% during the fourth quarter. Blue Trust Inc. now owns 464 shares of the company’s stock worth $36,000 after purchasing an additional 266 shares in the last quarter. Finally, Lee Danner & Bass Inc. purchased a new position in Liberty Broadband during the 4th quarter worth approximately $36,000. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Liberty Broadband in a report on Friday, March 21st. They issued a “sell” rating for the company.

Liberty Broadband Stock Up 1.8 %

Liberty Broadband stock opened at $86.31 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. Liberty Broadband Co. has a 1-year low of $46.46 and a 1-year high of $101.50. The company has a market cap of $12.37 billion, a PE ratio of 15.90 and a beta of 1.06. The stock’s 50 day moving average price is $80.58 and its 200 day moving average price is $79.81.

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

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.