Alaska Permanent Fund Corp Takes Position in Liberty Broadband Co. (NASDAQ:LBRDA)

Alaska Permanent Fund Corp bought a new position in Liberty Broadband Co. (NASDAQ:LBRDA) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 5,585 shares of the company’s stock, valued at approximately $450,000.

Other large investors also recently bought and sold shares of the company. Citigroup Inc. increased its holdings in shares of Liberty Broadband by 14.2% in the third quarter. Citigroup Inc. now owns 1,348 shares of the company’s stock valued at $123,000 after purchasing an additional 168 shares during the period. Signaturefd LLC increased its holdings in Liberty Broadband by 32.1% in the 3rd quarter. Signaturefd LLC now owns 1,580 shares of the company’s stock worth $144,000 after buying an additional 384 shares during the period. Evergreen Capital Management LLC acquired a new position in Liberty Broadband in the 3rd quarter worth approximately $201,000. Rehmann Capital Advisory Group raised its position in Liberty Broadband by 14.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 3,687 shares of the company’s stock worth $335,000 after buying an additional 458 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Liberty Broadband during the 3rd quarter valued at approximately $345,000. Hedge funds and other institutional investors own 10.29% of the company’s stock.

Liberty Broadband Stock Down 0.1 %

LBRDA stock opened at $49.56 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.42 and a quick ratio of 2.42. The firm’s fifty day simple moving average is $55.21 and its 200-day simple moving average is $70.96. Liberty Broadband Co. has a 12 month low of $47.17 and a 12 month high of $95.61. The company has a market capitalization of $7.08 billion, a P/E ratio of 10.61, a price-to-earnings-growth ratio of 0.10 and a beta of 0.98.

Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly earnings results on Friday, February 16th. The company reported $1.39 EPS for the quarter. The company had revenue of $250.00 million for the quarter, compared to analyst estimates of $250.00 million. Liberty Broadband had a net margin of 70.13% and a return on equity of 7.76%. As a group, equities research analysts forecast that Liberty Broadband Co. will post 12.03 earnings per share for the current year.

Insider Transactions at Liberty Broadband

In related news, Director J David Wargo sold 11,000 shares of Liberty Broadband stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $57.33, for a total transaction of $630,630.00. Following the completion of the transaction, the director now directly owns 106,332 shares in the company, valued at $6,096,013.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 45,000 shares of company stock worth $2,435,830 over the last quarter. 19.65% of the stock is currently owned by insiders.

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.