BNP Paribas Financial Markets boosted its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 82.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 97,465 shares of the company's stock after buying an additional 44,173 shares during the period. BNP Paribas Financial Markets owned approximately 0.07% of Liberty Broadband worth $7,247,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently bought and sold shares of the business. Farther Finance Advisors LLC grew its holdings in shares of Liberty Broadband by 891.9% during the 4th quarter. Farther Finance Advisors LLC now owns 367 shares of the company's stock valued at $27,000 after acquiring an additional 330 shares in the last quarter. Sterling Capital Management LLC grew its stake in Liberty Broadband by 48.2% in the fourth quarter. Sterling Capital Management LLC now owns 815 shares of the company's stock valued at $61,000 after purchasing an additional 265 shares in the last quarter. AlphaQuest LLC increased its position in Liberty Broadband by 4,115.0% in the 4th quarter. AlphaQuest LLC now owns 843 shares of the company's stock worth $63,000 after purchasing an additional 823 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of Liberty Broadband by 79.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,471 shares of the company's stock worth $187,000 after purchasing an additional 1,096 shares in the last quarter. Finally, Ossiam purchased a new stake in shares of Liberty Broadband during the 4th quarter worth about $207,000. 10.29% of the stock is owned by institutional investors and hedge funds.
Liberty Broadband Stock Performance
Shares of Liberty Broadband stock traded up $3.95 during trading on Friday, reaching $100.20. The company's stock had a trading volume of 877,944 shares, compared to its average volume of 158,480. Liberty Broadband Co. has a one year low of $49.68 and a one year high of $104.50. 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 firm has a market cap of $14.36 billion, a price-to-earnings ratio of 18.45 and a beta of 1.02. The business's fifty day moving average price is $83.14 and its 200-day moving average price is $81.90.
Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.67. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The company had revenue of $266.00 million during the quarter, compared to analysts' expectations of $248.60 million.
Wall Street Analysts Forecast Growth
Separately, Benchmark cut their price objective on shares of Liberty Broadband from $130.00 to $115.00 and set a "buy" rating on the stock in a research 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $86.20.
Check Out Our Latest Stock Report on LBRDA
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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