Bank of America Corp DE lowered its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 85.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,830 shares of the company's stock after selling 33,271 shares during the quarter. Bank of America Corp DE's holdings in Liberty Broadband were worth $434,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Aristeia Capital L.L.C. grew its stake in shares of Liberty Broadband by 9.1% during the 4th quarter. Aristeia Capital L.L.C. now owns 1,675,445 shares of the company's stock worth $124,586,000 after acquiring an additional 139,186 shares in the last quarter. Vanguard Group Inc. grew its holdings in Liberty Broadband by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 1,462,794 shares of the company's stock valued at $108,773,000 after buying an additional 49,547 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in shares of Liberty Broadband in the fourth quarter valued at about $35,441,000. Seizert Capital Partners LLC grew its position in shares of Liberty Broadband by 7.5% during the 4th quarter. Seizert Capital Partners LLC now owns 423,895 shares of the company's stock worth $31,521,000 after purchasing an additional 29,477 shares in the last quarter. Finally, Long Focus Capital Management LLC raised its holdings in Liberty Broadband by 3.8% in the 4th quarter. Long Focus Capital Management LLC now owns 321,800 shares of the company's stock valued at $23,929,000 after acquiring an additional 11,700 shares in the last quarter. Institutional investors and hedge funds own 10.29% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Benchmark lowered 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Liberty Broadband currently has a consensus rating of "Hold" and a consensus price target of $86.20.
View Our Latest Stock Analysis on LBRDA
Liberty Broadband Stock Performance
Shares of NASDAQ LBRDA traded down $0.68 during mid-day trading on Thursday, reaching $93.13. 103,579 shares of the company's stock were exchanged, compared to its average volume of 160,697. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market capitalization of $13.35 billion, a price-to-earnings ratio of 17.15 and a beta of 0.99. Liberty Broadband Co. has a 52 week low of $49.68 and a 52 week high of $102.38. The firm has a 50-day moving average price of $87.61 and a two-hundred day moving average price of $82.60.
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 (EPS) 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 analyst estimates of $248.60 million.
About Liberty Broadband
(
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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