Liberty Broadband Corporation $LBRDK Shares Acquired by Vestor Capital LLC
Vestor Capital LLC increased its holdings in Liberty Broadband Corporation by 1,074.6% in the 2nd quarter, now owning 6,014 shares worth $592,000. Other investors also adjusted their stakes. Liberty Broadband's stock opened at $46.99 on Friday, with a 52-week range of $44.63 to $104.00. The company reported $1.77 EPS for the quarter, beating estimates. Analysts have given the stock a 'Sell' rating.
Vestor Capital LLC boosted its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 1,074.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,014 shares of the company's stock after purchasing an additional 5,502 shares during the quarter. Vestor Capital LLC's holdings in Liberty Broadband were worth $592,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. SouthState Corp purchased a new stake in Liberty Broadband in the 1st quarter valued at about $25,000. Parkside Financial Bank & Trust boosted its position in shares of Liberty Broadband by 195.1% in the second quarter. Parkside Financial Bank & Trust now owns 360 shares of the company's stock worth $35,000 after acquiring an additional 238 shares during the last quarter. Assetmark Inc. grew its holdings in Liberty Broadband by 1,054.1% in the second quarter. Assetmark Inc. now owns 427 shares of the company's stock valued at $42,000 after purchasing an additional 390 shares during the period. Fortitude Family Office LLC acquired a new position in Liberty Broadband during the second quarter worth approximately $48,000. Finally, GAMMA Investing LLC increased its position 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 purchasing an additional 166 shares during the last quarter. 80.22% of the stock is currently owned by hedge funds and other institutional investors.
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Liberty Broadband Price Performance
Liberty Broadband stock opened at $46.99 on Friday. The firm has a fifty day moving average of $56.54 and a 200-day moving average of $72.83. Liberty Broadband Corporation has a 52-week low of $44.63 and a 52-week high of $104.00. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $6.74 billion, a P/E ratio of 8.51 and a beta of 1.01.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its earnings results on Wednesday, November 5th. The company reported $1.77 earnings per share for the quarter, beating 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. As a group, analysts predict that Liberty Broadband Corporation will post 7.71 EPS for the current year.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on LBRDK. Weiss Ratings reiterated a "sell (d+)" rating on shares of Liberty Broadband in a report on Thursday. Wall Street Zen cut Liberty Broadband from a "hold" rating to a "sell" rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of "Sell".
View Our Latest Analysis on LBRDK
Liberty Broadband Company Profile
(Free Report)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.
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