Walleye Capital LLC Grows Position in Liberty Broadband Corporation $LBRDK

Walleye Capital LLC raised its position in Liberty Broadband Corporation (NASDAQ:LBRDK) by 20.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 203,767 shares of the company’s stock after buying an additional 34,882 shares during the quarter. Walleye Capital LLC’s holdings in Liberty Broadband were worth $20,047,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of LBRDK. SouthState Corp acquired a new position in shares of Liberty Broadband in the 1st quarter valued at $25,000. Parkside Financial Bank & Trust boosted its stake in Liberty Broadband by 195.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 360 shares of the company’s stock worth $35,000 after purchasing an additional 238 shares during the period. Assetmark Inc. grew its position in Liberty Broadband by 1,054.1% during the 2nd quarter. Assetmark Inc. now owns 427 shares of the company’s stock worth $42,000 after purchasing an additional 390 shares during the last quarter. Fortitude Family Office LLC acquired a new position in Liberty Broadband in the second quarter valued at $48,000. Finally, GAMMA Investing LLC increased its stake in Liberty Broadband by 39.2% in the second quarter. GAMMA Investing LLC now owns 589 shares of the company’s stock valued at $58,000 after purchasing an additional 166 shares during the period. 80.22% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Stock Down 0.1%

LBRDK stock opened at $46.29 on Friday. The stock has a market capitalization of $6.64 billion, a PE ratio of 8.39 and a beta of 1.00. The company has a fifty day moving average of $53.89 and a 200-day moving average of $69.90. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.24 and a current ratio of 0.24. Liberty Broadband Corporation has a one year low of $44.63 and a one year high of $104.00.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.57. The firm had revenue of $257.00 million during the quarter, compared to analysts’ expectations of $267.70 million. Liberty Broadband had a net margin of 105.04% and a return on equity of 12.23%. As a group, analysts expect that Liberty Broadband Corporation will post 7.71 EPS for the current year.

Wall Street Analysts Forecast Growth

LBRDK has been the subject of several recent research reports. Wall Street Zen downgraded shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Liberty Broadband in a research note on Tuesday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Liberty Broadband currently has an average rating of “Sell”.

About Liberty Broadband

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.