Resonant Capital Advisors LLC Has $357,000 Stock Position in Liberty Broadband Corporation (NASDAQ:LBRDK)

Resonant Capital Advisors LLC lifted its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,197 shares of the company’s stock after purchasing an additional 126 shares during the period. Resonant Capital Advisors LLC’s holdings in Liberty Broadband were worth $357,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its position in shares of Liberty Broadband by 61.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company’s stock valued at $30,000 after purchasing an additional 154 shares during the period. Jones Financial Companies Lllp grew its stake in Liberty Broadband by 138.0% in the 4th quarter. Jones Financial Companies Lllp now owns 488 shares of the company’s stock valued at $36,000 after buying an additional 283 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in Liberty Broadband in the 4th quarter worth $36,000. Farther Finance Advisors LLC lifted its position in Liberty Broadband by 327.4% during the 4th quarter. Farther Finance Advisors LLC now owns 530 shares of the company’s stock worth $40,000 after acquiring an additional 406 shares during the last quarter. Finally, Continuum Advisory LLC bought a new stake in Liberty Broadband during the first quarter valued at about $58,000. 80.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen assumed coverage on Liberty Broadband in a research note on Friday, May 16th. They issued a “sell” rating on the stock.

Liberty Broadband Stock Up 1.2%

LBRDK opened at $100.50 on Friday. The business has a 50 day moving average of $94.15 and a 200-day moving average of $84.51. The stock has a market capitalization of $14.40 billion, a price-to-earnings ratio of 16.05 and a beta of 1.01. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35. Liberty Broadband Corporation has a 1-year low of $51.97 and a 1-year high of $104.00.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter. The firm had revenue of $256.00 million during the quarter. Liberty Broadband had a net margin of 88.10% and a return on equity of 9.24%. As a group, sell-side analysts anticipate that Liberty Broadband Corporation 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.