Sarbit Advisory Services Inc. Invests $53.20 Million in Liberty Broadband Corp Series C (LBRDK) Stock

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Sarbit Advisory Services Inc. bought a new position in shares of Liberty Broadband Corp Series C (NASDAQ:LBRDK) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 700,000 shares of the company’s stock, valued at approximately $53,200,000. Liberty Broadband Corp Series C comprises approximately 14.0% of Sarbit Advisory Services Inc.’s investment portfolio, making the stock its 3rd biggest position. Sarbit Advisory Services Inc. owned approximately 0.39% of Liberty Broadband Corp Series C as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Renaissance Technologies LLC boosted its holdings in Liberty Broadband Corp Series C by 132.0% during the second quarter. Renaissance Technologies LLC now owns 541,600 shares of the company’s stock worth $41,010,000 after purchasing an additional 308,200 shares during the last quarter. Bislett Management LLC lifted its stake in Liberty Broadband Corp Series C by 90.1% in the second quarter. Bislett Management LLC now owns 39,320 shares of the company’s stock valued at $2,977,000 after acquiring an additional 18,640 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Liberty Broadband Corp Series C by 3.7% in the second quarter. Envestnet Asset Management Inc. now owns 47,757 shares of the company’s stock valued at $3,616,000 after acquiring an additional 1,717 shares during the last quarter. Cheviot Value Management LLC acquired a new stake in Liberty Broadband Corp Series C in the second quarter valued at $5,745,000. Finally, Carleon Capital Partners LLC acquired a new stake in Liberty Broadband Corp Series C in the second quarter valued at $790,000. Institutional investors and hedge funds own 57.54% of the company’s stock.

LBRDK has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Liberty Broadband Corp Series C from a “strong sell” rating to a “strong-buy” rating and set a $80.00 price target for the company in a research note on Wednesday, June 6th. TheStreet cut shares of Liberty Broadband Corp Series C from a “b-” rating to a “c+” rating in a research note on Monday, May 14th.

Shares of LBRDK stock opened at $81.41 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 8.49 and a quick ratio of 8.49. Liberty Broadband Corp Series C has a one year low of $68.33 and a one year high of $104.66.

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 Thomson Reuters’ consensus estimate of $0.30 by ($0.24). Liberty Broadband Corp Series C had a net margin of 9,284.89% and a return on equity of 20.47%. sell-side analysts anticipate that Liberty Broadband Corp Series C will post 0.9 EPS for the current year.

About Liberty Broadband Corp Series C

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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