Liberty Broadband Corporation $LBRDK Shares Bought by Boston Partners

Boston Partners lifted its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 220.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 129,826 shares of the company’s stock after buying an additional 89,263 shares during the period. Boston Partners’ holdings in Liberty Broadband were worth $12,766,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of LBRDK. GAMMA Investing LLC grew its holdings in Liberty Broadband by 39.2% during the second quarter. GAMMA Investing LLC now owns 589 shares of the company’s stock worth $58,000 after acquiring an additional 166 shares during the period. Integrated Wealth Concepts LLC boosted its position in shares of Liberty Broadband by 4.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock worth $348,000 after purchasing an additional 174 shares in the last quarter. Resonant Capital Advisors LLC boosted its position in shares of Liberty Broadband by 4.4% during the 2nd quarter. Resonant Capital Advisors LLC now owns 4,382 shares of the company’s stock worth $431,000 after purchasing an additional 185 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Liberty Broadband by 195.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 360 shares of the company’s stock worth $35,000 after purchasing an additional 238 shares during the period. Finally, Stephens Inc. AR increased its holdings in shares of Liberty Broadband by 2.8% in the 2nd quarter. Stephens Inc. AR now owns 9,560 shares of the company’s stock valued at $941,000 after purchasing an additional 262 shares in the last quarter. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on LBRDK shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Liberty Broadband in a report on Wednesday. Wall Street Zen lowered Liberty Broadband from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Liberty Broadband Stock Up 0.4%

LBRDK stock opened at $46.39 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.24 and a quick ratio of 0.24. The company’s 50 day simple moving average is $55.12 and its 200-day simple moving average is $71.33. Liberty Broadband Corporation has a 12 month low of $44.63 and a 12 month high of $104.00. The firm has a market capitalization of $6.66 billion, a PE ratio of 8.40 and a beta of 1.01.

Liberty Broadband (NASDAQ:LBRDK) last posted its earnings results on Wednesday, November 5th. The company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.57. The firm had revenue of $257.00 million for the quarter, compared to analyst estimates of $267.70 million. Liberty Broadband had a return on equity of 12.23% and a net margin of 105.04%. Equities analysts expect that Liberty Broadband Corporation will post 7.71 earnings per share 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.