S&CO Inc. Invests $2.13 Million in Liberty Broadband Corporation $LBRDA

S&CO Inc. purchased a new position in shares of Liberty Broadband Corporation (NASDAQ:LBRDA) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 64,144 shares of the company’s stock, valued at approximately $2,134,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Liberty Broadband by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 1,679,806 shares of the company’s stock valued at $81,101,000 after acquiring an additional 91,276 shares during the last quarter. Millennium Management LLC increased its stake in Liberty Broadband by 5.4% in the fourth quarter. Millennium Management LLC now owns 629,881 shares of the company’s stock worth $30,411,000 after purchasing an additional 32,119 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Liberty Broadband by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 496,391 shares of the company’s stock worth $31,436,000 after purchasing an additional 11,789 shares during the last quarter. Verition Fund Management LLC lifted its position in shares of Liberty Broadband by 37.9% during the fourth quarter. Verition Fund Management LLC now owns 404,192 shares of the company’s stock worth $19,514,000 after purchasing an additional 111,105 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its stake in shares of Liberty Broadband by 21.9% during the fourth quarter. Squarepoint Ops LLC now owns 393,361 shares of the company’s stock valued at $18,991,000 after purchasing an additional 70,610 shares during the period. Hedge funds and other institutional investors own 10.29% of the company’s stock.

Liberty Broadband Stock Performance

Liberty Broadband stock opened at $36.30 on Friday. The company has a 50 day moving average price of $32.42 and a 200-day moving average price of $41.68. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.09 and a current ratio of 0.09. Liberty Broadband Corporation has a fifty-two week low of $26.14 and a fifty-two week high of $65.40. The company has a market capitalization of $5.21 billion, a PE ratio of -5.19 and a beta of 0.64.

Liberty Broadband (NASDAQ:LBRDA) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.41 earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Liberty Broadband from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Liberty Broadband Profile

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter’s Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.