Baupost Group LLC MA Acquires 575,000 Shares of Liberty Broadband Corporation $LBRDK

Baupost Group LLC MA boosted its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 337.0% during the second quarter, Holdings Channel reports. The firm owned 745,610 shares of the company’s stock after acquiring an additional 575,000 shares during the quarter. Liberty Broadband makes up about 1.8% of Baupost Group LLC MA’s investment portfolio, making the stock its 16th biggest position. Baupost Group LLC MA’s holdings in Liberty Broadband were worth $73,353,000 at the end of the most recent quarter.

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

Liberty Broadband Stock Up 2.6%

NASDAQ:LBRDK opened at $47.49 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 firm’s 50-day moving average price is $53.59 and its 200-day moving average price is $69.54. The company has a market capitalization of $6.81 billion, a PE ratio of 8.60 and a beta of 1.00. Liberty Broadband Corporation has a 1-year low of $44.63 and a 1-year high of $104.00.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $1.77 EPS for the quarter, topping the consensus estimate of $1.20 by $0.57. Liberty Broadband had a net margin of 105.04% and a return on equity of 12.23%. The business had revenue of $257.00 million for the quarter, compared to analyst estimates of $267.70 million. On average, equities analysts predict that Liberty Broadband Corporation will post 7.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Liberty Broadband in a report on Tuesday. Wall Street Zen cut shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

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.