DNB Asset Management AS Acquires Shares of 10,100 Liberty Broadband Corp Series C (LBRDK)

DNB Asset Management AS acquired a new stake in Liberty Broadband Corp Series C (NASDAQ:LBRDK) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,100 shares of the company’s stock, valued at approximately $851,000.

A number of other large investors have also recently made changes to their positions in the stock. Janus Henderson Group PLC increased its holdings in Liberty Broadband Corp Series C by 2,504.3% in the second quarter. Janus Henderson Group PLC now owns 1,702,477 shares of the company’s stock valued at $128,912,000 after buying an additional 1,637,104 shares in the last quarter. Sarbit Advisory Services Inc. purchased a new position in Liberty Broadband Corp Series C in the second quarter valued at about $53,200,000. Morgan Stanley increased its holdings in Liberty Broadband Corp Series C by 712.8% in the second quarter. Morgan Stanley now owns 786,532 shares of the company’s stock valued at $59,556,000 after buying an additional 689,758 shares in the last quarter. Makaira Partners LLC purchased a new position in Liberty Broadband Corp Series C in the second quarter valued at about $45,733,000. Finally, Bank of America Corp DE increased its holdings in Liberty Broadband Corp Series C by 65.4% in the second quarter. Bank of America Corp DE now owns 1,058,733 shares of the company’s stock valued at $80,168,000 after buying an additional 418,575 shares in the last quarter. Hedge funds and other institutional investors own 57.49% of the company’s stock.

Shares of LBRDK opened at $82.56 on Friday. The company has a quick ratio of 8.49, a current ratio of 8.49 and a debt-to-equity ratio of 0.05. Liberty Broadband Corp Series C has a 1-year low of $68.33 and a 1-year high of $99.68.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last issued its quarterly earnings data on Wednesday, August 8th. The company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.24). Liberty Broadband Corp Series C had a return on equity of 20.47% and a net margin of 9,284.89%. The business had revenue of $3.37 million for the quarter. As a group, analysts forecast that Liberty Broadband Corp Series C will post 0.9 EPS for the current fiscal year.

A number of research analysts have recently weighed in on LBRDK shares. ValuEngine raised shares of Liberty Broadband Corp Series C from a “sell” rating to a “hold” rating in a research note on Thursday, September 27th. Zacks Investment Research cut shares of Liberty Broadband Corp Series C from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 11th.

Liberty Broadband Corp Series C Company Profile

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential and commercial customers in the United States. It 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 understanding the precise geographic location and movement of mobile devices; 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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