Lee Danner & Bass Inc. Acquires New Shares in Liberty Broadband Co. (NASDAQ:LBRDK)

Lee Danner & Bass Inc. acquired a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 483 shares of the company’s stock, valued at approximately $36,000.

Several other hedge funds also recently modified their holdings of LBRDK. Groupama Asset Managment acquired a new stake in shares of Liberty Broadband during the 3rd quarter valued at $25,000. Quarry LP bought a new position in Liberty Broadband during the 3rd quarter worth $28,000. Smartleaf Asset Management LLC raised its position in Liberty Broadband by 61.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock worth $30,000 after purchasing an additional 154 shares during the last quarter. Blue Trust Inc. raised its position in Liberty Broadband by 134.3% during the 4th quarter. Blue Trust Inc. now owns 464 shares of the company’s stock worth $36,000 after purchasing an additional 266 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in Liberty Broadband by 138.0% during the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock worth $36,000 after purchasing an additional 283 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Liberty Broadband Stock Performance

LBRDK stock opened at $83.69 on Monday. The stock has a 50-day moving average price of $80.15 and a 200-day moving average price of $79.46. Liberty Broadband Co. has a 1-year low of $46.46 and a 1-year high of $101.50. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The firm has a market cap of $11.99 billion, a PE ratio of 15.41 and a beta of 1.06.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, missing the consensus estimate of $3.67 by ($1.63). The business had revenue of $253.00 million during the quarter, compared to the consensus estimate of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. As a group, equities research analysts expect that Liberty Broadband Co. will post 7.71 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Liberty Broadband in a research report on Friday. They set a “sell” rating for the company.

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.