31,643 Shares in Liberty Broadband Corporation $LBRDA Acquired by KCM Investment Advisors LLC

KCM Investment Advisors LLC bought a new stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDA) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 31,643 shares of the company’s stock, valued at approximately $1,589,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Liberty Broadband by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 1,679,806 shares of the company’s stock worth $81,101,000 after purchasing an additional 91,276 shares during the last quarter. Virtu Financial LLC lifted its holdings in shares of Liberty Broadband by 234.5% during the 4th quarter. Virtu Financial LLC now owns 42,920 shares of the company’s stock valued at $2,072,000 after purchasing an additional 30,088 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of Liberty Broadband during the 1st quarter valued at $6,278,000. UBS Group AG boosted its position in shares of Liberty Broadband by 390.6% in the 4th quarter. UBS Group AG now owns 222,860 shares of the company’s stock worth $10,760,000 after purchasing an additional 177,431 shares in the last quarter. Finally, Verition Fund Management LLC grew its stake in Liberty Broadband by 37.9% during the 4th quarter. Verition Fund Management LLC now owns 404,192 shares of the company’s stock worth $19,514,000 after buying an additional 111,105 shares during the last quarter. 10.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a research report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Liberty Broadband Stock Up 6.7%

NASDAQ:LBRDA opened at $32.86 on Wednesday. The company has a market cap of $4.72 billion, a PE ratio of -1.71 and a beta of 0.65. Liberty Broadband Corporation has a twelve month low of $26.14 and a twelve month high of $67.38. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $31.78 and its two-hundred day moving average is $42.57.

Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.41 earnings per share (EPS) for the quarter.

Liberty Broadband Profile

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter’s Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.