Atom Investors LP Buys 18,572 Shares of Liberty Broadband Corp Series C (NASDAQ:LBRDK)

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Atom Investors LP lifted its stake in Liberty Broadband Corp Series C (NASDAQ:LBRDK) by 244.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,155 shares of the company’s stock after buying an additional 18,572 shares during the period. Atom Investors LP’s holdings in Liberty Broadband Corp Series C were worth $3,242,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LBRDK. Quantamental Technologies LLC purchased a new stake in Liberty Broadband Corp Series C in the second quarter worth about $1,225,000. Cadian Capital Management LP bought a new position in Liberty Broadband Corp Series C in the 2nd quarter worth $27,271,000. K2 Principal Fund L.P. bought a new stake in Liberty Broadband Corp Series C during the second quarter valued at about $306,000. George Kaiser Family Foundation lifted its stake in Liberty Broadband Corp Series C by 0.4% in the 2nd quarter. George Kaiser Family Foundation now owns 36,697 shares of the company’s stock worth $4,549,000 after purchasing an additional 140 shares in the last quarter. Finally, FMR LLC raised its position in shares of Liberty Broadband Corp Series C by 13.7% during the 2nd quarter. FMR LLC now owns 351,602 shares of the company’s stock valued at $43,586,000 after buying an additional 42,330 shares in the last quarter. Institutional investors own 54.35% of the company’s stock.

LBRDK stock traded down $2.69 during mid-day trading on Friday, reaching $136.80. 868,842 shares of the stock traded hands, compared to its average volume of 741,363. The company has a market cap of $24.89 billion, a P/E ratio of 136.80 and a beta of 1.07. Liberty Broadband Corp Series C has a 52-week low of $86.20 and a 52-week high of $146.84. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The stock’s fifty day moving average is $138.46 and its 200-day moving average is $127.26.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last issued its earnings results on Friday, July 31st. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.41). Liberty Broadband Corp Series C had a net margin of 1,158.25% and a return on equity of 1.72%. The firm had revenue of $4.11 million during the quarter. Equities research analysts expect that Liberty Broadband Corp Series C will post 2.39 earnings per share for the current year.

LBRDK has been the topic of a number of recent research reports. TheStreet downgraded Liberty Broadband Corp Series C from a “b-” rating to a “c+” rating in a research report on Thursday, June 4th. Zacks Investment Research cut Liberty Broadband Corp Series C from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Morgan Stanley lifted their price target on Liberty Broadband Corp Series C from $170.00 to $183.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. TD Securities cut shares of Liberty Broadband Corp Series C from a “buy” rating to a “hold” rating and lifted their price target for the company from $155.00 to $165.00 in a research report on Tuesday, August 18th. They noted that the move was a valuation call. Finally, Pivotal Research reaffirmed a “buy” rating and set a $187.00 target price on shares of Liberty Broadband Corp Series C in a research note on Monday, May 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $165.20.

Liberty Broadband Corp Series C Profile

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.

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Institutional Ownership by Quarter for Liberty Broadband Corp Series C (NASDAQ:LBRDK)

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