Savant Capital LLC Invests $264,000 in Liberty Broadband Corporation $LBRDK

Savant Capital LLC acquired a new stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,679 shares of the company’s stock, valued at approximately $264,000.

A number of other hedge funds have also bought and sold shares of LBRDK. Dimensional Fund Advisors LP lifted its position in Liberty Broadband by 13.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,310,698 shares of the company’s stock valued at $196,522,000 after purchasing an additional 275,354 shares during the period. Madison Asset Management LLC raised its stake in Liberty Broadband by 8.5% during the 1st quarter. Madison Asset Management LLC now owns 1,781,745 shares of the company’s stock valued at $151,537,000 after buying an additional 140,307 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its holdings in shares of Liberty Broadband by 21.2% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,491,606 shares of the company’s stock valued at $126,861,000 after buying an additional 260,470 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Liberty Broadband by 4.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,019,711 shares of the company’s stock worth $86,726,000 after buying an additional 47,167 shares during the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd boosted its stake in shares of Liberty Broadband by 12.2% in the 2nd quarter. Rothschild & Co Wealth Management UK Ltd now owns 934,095 shares of the company’s stock worth $91,896,000 after buying an additional 101,214 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LBRDK shares. Wall Street Zen downgraded Liberty Broadband from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Weiss Ratings lowered shares of Liberty Broadband from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Liberty Broadband Stock Performance

Shares of LBRDK opened at $46.37 on Wednesday. The business has a 50-day simple moving average of $57.44 and a two-hundred day simple moving average of $73.68. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.19. Liberty Broadband Corporation has a 52 week low of $46.08 and a 52 week high of $104.00. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 8.40 and a beta of 1.01.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.57. Liberty Broadband had a return on equity of 12.23% and a net margin of 105.04%.The company had revenue of $257.00 million during the quarter, compared to the consensus estimate of $267.70 million. On average, analysts expect that Liberty Broadband Corporation will post 7.71 EPS for the current year.

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.