6,000 Shares in Liberty Broadband Co. (NASDAQ:LBRDA) Acquired by Viewpoint Investment Partners Corp

Viewpoint Investment Partners Corp acquired a new position in Liberty Broadband Co. (NASDAQ:LBRDA) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 6,000 shares of the company’s stock, valued at approximately $484,000. Liberty Broadband comprises 0.3% of Viewpoint Investment Partners Corp’s holdings, making the stock its 10th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LBRDA. JPMorgan Chase & Co. lifted its stake in shares of Liberty Broadband by 47.7% in the first quarter. JPMorgan Chase & Co. now owns 5,557 shares of the company’s stock worth $729,000 after acquiring an additional 1,795 shares during the period. US Bancorp DE increased its holdings in Liberty Broadband by 48.9% in the first quarter. US Bancorp DE now owns 5,843 shares of the company’s stock worth $767,000 after purchasing an additional 1,920 shares in the last quarter. Citigroup Inc. increased its holdings in Liberty Broadband by 20.4% in the first quarter. Citigroup Inc. now owns 10,177 shares of the company’s stock worth $1,334,000 after purchasing an additional 1,723 shares in the last quarter. Bank of Montreal Can increased its holdings in Liberty Broadband by 62.6% in the first quarter. Bank of Montreal Can now owns 40,988 shares of the company’s stock worth $5,595,000 after purchasing an additional 15,782 shares in the last quarter. Finally, MetLife Investment Management LLC bought a new stake in Liberty Broadband in the first quarter worth approximately $61,000. 10.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director J David Wargo sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $51.98, for a total transaction of $779,700.00. Following the completion of the sale, the director now owns 72,332 shares in the company, valued at $3,759,817.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 45,000 shares of company stock worth $2,435,830 over the last quarter. 19.65% of the stock is currently owned by corporate insiders.

Liberty Broadband Trading Up 1.2 %

LBRDA stock traded up $0.56 during mid-day trading on Thursday, reaching $49.05. The company’s stock had a trading volume of 67,282 shares, compared to its average volume of 146,702. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 0.10 and a beta of 0.98. The business’s 50 day moving average price is $56.70 and its 200 day moving average price is $72.77. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.42. Liberty Broadband Co. has a 12 month low of $47.97 and a 12 month high of $95.61.

Liberty Broadband (NASDAQ:LBRDA) last issued its earnings results on Friday, February 16th. The company reported $1.39 earnings per share for the quarter. The business had revenue of $250.00 million during the quarter, compared to the consensus estimate of $250.00 million. Liberty Broadband had a return on equity of 7.76% and a net margin of 70.13%. On average, equities research analysts predict that Liberty Broadband Co. will post 12.03 EPS for the current year.

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.