Liberty Broadband Corporation – (NASDAQ:LBRDK) Sees Unusual Trading Volume in Its Shares
573K shares changed hands by the end of trading on Friday. Trading volume was up 18.23% over the stocks average daily volume.
Here are a few additional firms who have increased or decreased their stake in (LBRDK). As of the end of the quarter Marshall Wace North America L.p. had acquired 258,790 shares growing its stake by 10,975.0%. The value of the investment in LBRDK increased from $203,000 to $22,720,000 a change of 11,092.1% quarter to quarter. As of quarter end Marshall Wace, Llp had sold a total of 119,423 shares trimming its position 89.3%. The value of the investment in Liberty Broadband Corporation – went from $9,908,000 to $1,248,000 decreasing 87.4% since the last quarter.
Wayne Hummer Investments L.l.c. downsized its ownership by shedding 392 shares a decrease of 9.6% as of 06/30/2017. Wayne Hummer Investments L.l.c. now holds 3,690 shares with a value of $320,000. The total value of its holdings increased 6.0%. As of the end of the quarter Gamco Investors, Inc. Et Al had bought a total of 36,549 shares growing its holdings by 8.8%. The value of the company’s investment in Liberty Broadband Corporation – increased from $36,051,000 to $39,367,000 a change of $3,316,000 for the reporting period.
The company is trading down since yesterday’s close of $99.56. Shares are trading at $99.24 a tad above $88.63, the stock’s 50 day moving average and which is a tad above the 200 day moving average of $86.77. The 50 day moving average was up $10.61 and the 200 day average went up $12.47 or +14.38%. The company currently has a P/E ratio of 567.09 and the market cap is 18.04B. In the last earnings report the EPS was $0.17 and is expected to be $0.64 for the current year with 181,831,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.35 with next year’s EPS anticipated to be $1.50.
Liberty Broadband Corporation, launched on June 26, 2014, holds interest in Charter Communications, Inc. (Charter) and its subsidiary Skyhook Holding, Inc. (Skyhook). The Business’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions. Charter is an equity method investment that provides cable services in the United States, offering a range of entertainment, information and communications solutions to residential and commercial customers. Charter offers its customers subscription-based video services, including video on demand (VOD), high definition (HD) television, and digital video recorder (DVR) service, Internet services and voice services..