7,791 Shares in Liberty Broadband Co. (NASDAQ:LBRDK) Purchased by Aigen Investment Management LP

Aigen Investment Management LP bought a new position in Liberty Broadband Co. (NASDAQ:LBRDK) in the fourth quarter, HoldingsChannel reports. The fund bought 7,791 shares of the company’s stock, valued at approximately $582,000.

Other hedge funds have also bought and sold shares of the company. Groupama Asset Managment purchased a new position in Liberty Broadband in the 3rd quarter worth about $25,000. Quarry LP purchased a new position in Liberty Broadband in the 3rd quarter worth about $28,000. Smartleaf Asset Management LLC raised its position in Liberty Broadband by 61.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock worth $30,000 after buying an additional 154 shares during the last quarter. Blue Trust Inc. raised its position in Liberty Broadband by 134.3% in the 4th quarter. Blue Trust Inc. now owns 464 shares of the company’s stock worth $36,000 after buying an additional 266 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in Liberty Broadband by 138.0% in the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock worth $36,000 after buying an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a research report on Wednesday. They set a “sell” rating for the company.

Insider Activity

In related news, CEO Gregory B. Maffei sold 125,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total value of $9,967,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,435,256 shares of the company’s stock, valued at approximately $114,447,313.44. This represents a 8.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 10.80% of the company’s stock.

Liberty Broadband Price Performance

NASDAQ LBRDK opened at $87.39 on Friday. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50. The firm has a market capitalization of $12.48 billion, a P/E ratio of 16.09 and a beta of 1.04. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average price of $78.65 and a 200-day moving average price of $77.68.

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

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.