7,791 Shares in Liberty Broadband Co. (NASDAQ:LBRDK) Bought by Aigen Investment Management LP

Aigen Investment Management LP bought a new position in Liberty Broadband Co. (NASDAQ:LBRDK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,791 shares of the company’s stock, valued at approximately $582,000.

Other hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in Liberty Broadband by 0.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company’s stock valued at $2,101,000 after purchasing an additional 125 shares during the period. Smartleaf Asset Management LLC increased its position in Liberty Broadband by 61.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock valued at $30,000 after purchasing an additional 154 shares during the period. CIBC Asset Management Inc increased its position in Liberty Broadband by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 3,757 shares of the company’s stock valued at $281,000 after purchasing an additional 199 shares during the period. Handelsbanken Fonder AB increased its position in Liberty Broadband by 0.6% during the 4th quarter. Handelsbanken Fonder AB now owns 33,300 shares of the company’s stock valued at $2,490,000 after purchasing an additional 200 shares during the period. Finally, Wealthspire Advisors LLC increased its position in Liberty Broadband by 5.7% during the 4th quarter. Wealthspire Advisors LLC now owns 4,543 shares of the company’s stock valued at $340,000 after purchasing an additional 244 shares during the period. 80.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Liberty Broadband in a research report on Wednesday. They set a “sell” rating on the stock.

Insider Activity

In related news, CEO Gregory B. Maffei sold 71,500 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $82.00, for a total value of $5,863,000.00. Following the transaction, the chief executive officer now owns 2,827,013 shares in the company, valued at $231,815,066. The trade was a 2.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 10.80% of the company’s stock.

Liberty Broadband Stock Performance

Shares of LBRDK stock opened at $87.39 on Friday. 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 $12.48 billion, a PE ratio of 16.09 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. The company’s fifty day moving average price is $78.65 and its 200-day moving average price is $77.68.

Liberty Broadband (NASDAQ:LBRDK) last announced its earnings results 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 net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $253.00 million for the quarter, compared to the consensus estimate of $252.50 million. On average, equities analysts expect 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.