Assenagon Asset Management S.A. Boosts Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Assenagon Asset Management S.A. grew its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 23.7% in the 4th quarter, HoldingsChannel reports. The firm owned 3,585,407 shares of the company’s stock after buying an additional 686,089 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Liberty Broadband were worth $268,045,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Barclays PLC raised its stake in shares of Liberty Broadband by 6.4% during the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after acquiring an additional 415,496 shares in the last quarter. Hi Line Capital Management LLC boosted its position in shares of Liberty Broadband by 498.4% in the 3rd quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company’s stock worth $10,902,000 after purchasing an additional 117,483 shares in the last quarter. Bank of Montreal Can grew its stake in Liberty Broadband by 172.6% during the 2nd quarter. Bank of Montreal Can now owns 258,212 shares of the company’s stock worth $14,173,000 after buying an additional 163,502 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Liberty Broadband during the 3rd quarter valued at about $861,000. Finally, Commonwealth Equity Services LLC acquired a new position in Liberty Broadband during the 2nd quarter valued at about $602,000. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Liberty Broadband in a research report on Wednesday, January 8th. They issued a “sell” rating for the company.

Liberty Broadband Stock Performance

LBRDK opened at $75.50 on Wednesday. The firm has a 50 day moving average of $82.84 and a two-hundred day moving average of $72.68. The firm has a market capitalization of $10.79 billion, a PE ratio of 13.90 and a beta of 1.04. 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.

Liberty Broadband (NASDAQ:LBRDK) last issued its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($1.69). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The business had revenue of $262.00 million for the quarter, compared to analysts’ expectations of $237.41 million. During the same period last year, the business earned $1.10 EPS. On average, analysts anticipate that Liberty Broadband Co. will post 6.72 EPS for the current year.

Insider Activity

In other news, CEO Gregory B. Maffei sold 125,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the sale, the chief executive officer now directly owns 1,435,256 shares of the company’s stock, valued at $114,447,313.44. This represents a 8.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 196,542 shares of company stock valued at $15,834,108 in the last quarter. 10.80% of the stock is currently owned by company insiders.

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.