Slotnik Capital LLC Invests $7.01 Million in Liberty Broadband Co. (NASDAQ:LBRDK)

Slotnik Capital LLC purchased a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 93,700 shares of the company’s stock, valued at approximately $7,005,000. Liberty Broadband makes up approximately 3.2% of Slotnik Capital LLC’s portfolio, making the stock its 11th biggest position. Slotnik Capital LLC owned about 0.07% of Liberty Broadband as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its holdings in Liberty Broadband by 0.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company’s stock worth $2,101,000 after buying an additional 125 shares during the period. Smartleaf Asset Management LLC boosted its stake in Liberty Broadband by 61.1% during the fourth 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 period. CIBC Asset Management Inc raised its position in Liberty Broadband by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 3,757 shares of the company’s stock worth $281,000 after purchasing an additional 199 shares during the period. Handelsbanken Fonder AB grew its position in Liberty Broadband by 0.6% in the 4th quarter. Handelsbanken Fonder AB now owns 33,300 shares of the company’s stock valued at $2,490,000 after acquiring an additional 200 shares during the last quarter. Finally, Wealthspire Advisors LLC increased its stake in Liberty Broadband by 5.7% in the 4th quarter. Wealthspire Advisors LLC now owns 4,543 shares of the company’s stock worth $340,000 after buying an additional 244 shares during the period. 80.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Liberty Broadband in a research report on Saturday, March 29th. They issued a “sell” rating on the stock.

Liberty Broadband Stock Performance

LBRDK opened at $87.57 on Thursday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $101.50. The company has a market cap of $12.55 billion, a price-to-earnings ratio of 16.13 and a beta of 1.06. The firm’s fifty day simple moving average is $81.80 and its two-hundred day simple moving average is $80.78.

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