Barclays PLC boosted its stake in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 129.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,207 shares of the company's stock after buying an additional 6,320 shares during the period. Barclays PLC's holdings in Liberty Broadband were worth $833,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Sterling Capital Management LLC increased its holdings in Liberty Broadband by 48.2% during the 4th quarter. Sterling Capital Management LLC now owns 815 shares of the company's stock worth $61,000 after purchasing an additional 265 shares during the period. Raymond James Financial Inc. acquired a new stake in Liberty Broadband during the 4th quarter worth $306,000. Renaissance Technologies LLC lifted its holdings in shares of Liberty Broadband by 122.8% in the 4th quarter. Renaissance Technologies LLC now owns 98,700 shares of the company's stock valued at $7,339,000 after purchasing an additional 54,400 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Liberty Broadband by 69.4% in the fourth quarter. Invesco Ltd. now owns 20,562 shares of the company's stock valued at $1,529,000 after acquiring an additional 8,426 shares during the period. Finally, Gavilan Investment Partners LLC grew its position in Liberty Broadband by 1.1% during the 4th quarter. Gavilan Investment Partners LLC now owns 177,000 shares of the company's stock worth $13,162,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 10.29% of the company's stock.
Analysts Set New Price Targets
Separately, Benchmark reduced their price target on Liberty Broadband from $130.00 to $115.00 and set a "buy" rating for the company in a report on Monday, March 31st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $86.20.
Get Our Latest Report on LBRDA
Liberty Broadband Stock Down 0.6 %
Shares of LBRDA stock traded down $0.52 on Friday, hitting $91.92. The stock had a trading volume of 89,847 shares, compared to its average volume of 154,285. Liberty Broadband Co. has a 52-week low of $49.68 and a 52-week high of $100.44. The firm has a market capitalization of $13.17 billion, a price-to-earnings ratio of 16.93 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The stock's 50 day moving average is $82.45 and its 200-day moving average is $81.52.
Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.67. The business had revenue of $266.00 million for the quarter, compared to analysts' expectations of $248.60 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%.
Liberty Broadband Profile
(
Free Report)
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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.
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