BNP Paribas Financial Markets Has $7.25 Million Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDA)

BNP Paribas Financial Markets raised its stake in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 82.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 97,465 shares of the company's stock after purchasing an additional 44,173 shares during the period. BNP Paribas Financial Markets owned 0.07% of Liberty Broadband worth $7,247,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of Liberty Broadband by 244.6% in the 3rd quarter. Barclays PLC now owns 4,887 shares of the company's stock valued at $375,000 after buying an additional 3,469 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Liberty Broadband by 10.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,578 shares of the company's stock valued at $1,120,000 after buying an additional 1,352 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Liberty Broadband by 269,566.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 16,180 shares of the company's stock valued at $1,203,000 after buying an additional 16,174 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Liberty Broadband in the 4th quarter valued at about $4,390,000. Finally, M&T Bank Corp boosted its holdings in shares of Liberty Broadband by 3.6% in the 4th quarter. M&T Bank Corp now owns 4,562 shares of the company's stock valued at $339,000 after buying an additional 158 shares during the period. Institutional investors own 10.29% of the company's stock.

Liberty Broadband Price Performance

Shares of NASDAQ LBRDA traded up $3.95 during midday trading on Friday, reaching $100.20. The company's stock had a trading volume of 877,944 shares, compared to its average volume of 158,933. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average price of $83.52 and a 200 day moving average price of $82.06. Liberty Broadband Co. has a one year low of $49.68 and a one year high of $102.38. The company has a market cap of $14.36 billion, a price-to-earnings ratio of 18.45 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $1.87 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.67. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $266.00 million for the quarter, compared to the consensus estimate of $248.60 million.

Wall Street Analyst Weigh In

Separately, Benchmark decreased their price target on shares of 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 issued a buy rating to the company's stock. Based on data from MarketBeat.com, Liberty Broadband presently has an average rating of "Hold" and a consensus price target of $86.20.

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. 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.