Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 9,324 Liberty Broadband Corporation (NASDAQ:LBRDK)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 9,324 shares of the company’s stock, valued at approximately $793,000.

A number of other hedge funds have also recently made changes to their positions in LBRDK. Teacher Retirement System of Texas purchased a new position in Liberty Broadband in the 1st quarter worth approximately $2,666,000. Amalgamated Bank grew its position in Liberty Broadband by 5.8% in the first quarter. Amalgamated Bank now owns 6,293 shares of the company’s stock worth $535,000 after acquiring an additional 346 shares in the last quarter. Highland Capital Management LLC purchased a new position in Liberty Broadband in the first quarter worth $1,163,000. Envestnet Asset Management Inc. increased its stake in Liberty Broadband by 9.1% in the first quarter. Envestnet Asset Management Inc. now owns 155,091 shares of the company’s stock valued at $13,191,000 after acquiring an additional 12,878 shares during the last quarter. Finally, Hi Line Capital Management LLC raised its position in Liberty Broadband by 17.9% during the first quarter. Hi Line Capital Management LLC now owns 165,319 shares of the company’s stock valued at $14,060,000 after purchasing an additional 25,132 shares in the last quarter. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Trading Down 2.0%

Shares of LBRDK opened at $60.11 on Friday. Liberty Broadband Corporation has a fifty-two week low of $58.35 and a fifty-two week high of $104.00. The firm has a market cap of $8.62 billion, a price-to-earnings ratio of 9.60 and a beta of 0.96. The firm has a 50 day moving average price of $90.30 and a 200-day moving average price of $85.73. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.39.

Liberty Broadband (NASDAQ:LBRDK) last issued its earnings results on Wednesday, May 7th. The company reported $1.87 EPS for the quarter. Liberty Broadband had a net margin of 88.10% and a return on equity of 9.24%. The company had revenue of $256.00 million for the quarter. As a group, equities research analysts forecast that Liberty Broadband Corporation will post 7.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Liberty Broadband to a “hold” rating in a report on Saturday, July 12th.

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.