483 Shares in Liberty Broadband Co. (NASDAQ:LBRDK) Purchased by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. bought a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 483 shares of the company’s stock, valued at approximately $36,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Magnetar Financial LLC bought a new stake in Liberty Broadband during the fourth quarter worth about $46,906,000. Xponance Inc. raised its stake in Liberty Broadband by 8.8% in the fourth quarter. Xponance Inc. now owns 7,882 shares of the company’s stock valued at $589,000 after buying an additional 639 shares during the period. Natixis Advisors LLC raised its stake in Liberty Broadband by 9.8% in the fourth quarter. Natixis Advisors LLC now owns 425,674 shares of the company’s stock valued at $31,823,000 after buying an additional 38,126 shares during the period. Catalyst Funds Management Pty Ltd raised its stake in Liberty Broadband by 3,262.5% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 13,450 shares of the company’s stock valued at $1,006,000 after buying an additional 13,050 shares during the period. Finally, Madison Investment Advisors LLC bought a new stake in Liberty Broadband in the fourth quarter valued at approximately $122,714,000. Institutional investors own 80.22% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Liberty Broadband Trading Up 0.2 %

Shares of NASDAQ:LBRDK opened at $83.69 on Monday. The company has a market capitalization of $11.99 billion, a P/E ratio of 15.41 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 company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The business’s 50 day simple moving average is $80.15 and its 200 day simple moving average is $79.46.

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

About Liberty Broadband

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.