Grantham Mayo Van Otterloo & Co. LLC Buys 1,345 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 484,887 shares of the company’s stock after purchasing an additional 1,345 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned 0.34% of Liberty Broadband worth $36,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Slotnik Capital LLC bought a new stake in shares of Liberty Broadband in the 4th quarter worth about $7,005,000. Headlands Technologies LLC raised its position in Liberty Broadband by 17.0% in the 4th quarter. Headlands Technologies LLC now owns 20,117 shares of the company’s stock worth $1,504,000 after purchasing an additional 2,926 shares during the period. National Bank of Canada FI lifted its stake in Liberty Broadband by 74.2% in the fourth quarter. National Bank of Canada FI now owns 79,816 shares of the company’s stock worth $5,967,000 after purchasing an additional 34,007 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Liberty Broadband by 7.6% during the fourth quarter. Alliancebernstein L.P. now owns 55,085 shares of the company’s stock valued at $4,118,000 after buying an additional 3,897 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of Liberty Broadband by 32.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,814 shares of the company’s stock valued at $509,000 after buying an additional 1,650 shares during the last quarter. 80.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Liberty Broadband in a report on Sunday. They set a “sell” rating for the company.

Liberty Broadband Stock Performance

Shares of Liberty Broadband stock opened at $77.10 on Friday. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50. The stock’s fifty day moving average price is $81.82 and its 200-day moving average price is $81.05. The firm has a market cap of $11.05 billion, a P/E ratio of 14.20 and a beta of 1.06. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40.

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

Liberty Broadband 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.