Liberty Broadband Co. (NASDAQ:LBRDK) Shares Acquired by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd lifted its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 3,262.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,450 shares of the company’s stock after buying an additional 13,050 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Liberty Broadband were worth $1,006,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Atria Investments Inc bought a new position in Liberty Broadband during the third quarter worth $254,000. Oppenheimer Asset Management Inc. lifted its stake in Liberty Broadband by 2.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 40,621 shares of the company’s stock worth $3,140,000 after purchasing an additional 1,052 shares during the last quarter. KBC Group NV lifted its stake in Liberty Broadband by 6.9% during the third quarter. KBC Group NV now owns 5,893 shares of the company’s stock worth $455,000 after purchasing an additional 382 shares during the last quarter. CIBC Asset Management Inc bought a new position in Liberty Broadband during the third quarter worth $275,000. Finally, Schneider Downs Wealth Management Advisors LP bought a new position in Liberty Broadband during the third quarter worth $209,000. Institutional investors and hedge funds own 80.22% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Liberty Broadband in a research note on Thursday. They set a “sell” rating on the stock.

Insider Activity at Liberty Broadband

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

Liberty Broadband Stock Performance

LBRDK stock opened at $81.38 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $11.66 billion, a price-to-earnings ratio of 14.99 and a beta of 1.06. Liberty Broadband Co. has a 1 year low of $46.46 and a 1 year high of $101.50. The stock’s fifty day moving average is $79.45 and its two-hundred day moving average is $78.53.

Liberty Broadband (NASDAQ:LBRDK) last posted its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.67 by ($1.63). The company had revenue of $253.00 million during the quarter, compared to the consensus estimate of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. On average, research analysts predict that Liberty Broadband Co. will post 7.71 EPS for the current year.

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.