Css LLC Il Increases Stock Position in Liberty Broadband Co. (NASDAQ:LBRDA)

CSS LLC IL raised its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 128.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,000 shares of the company's stock after purchasing an additional 4,500 shares during the quarter. CSS LLC IL's holdings in Liberty Broadband were worth $595,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LBRDA. Farther Finance Advisors LLC lifted its stake in shares of Liberty Broadband by 891.9% in the 4th quarter. Farther Finance Advisors LLC now owns 367 shares of the company's stock valued at $27,000 after purchasing an additional 330 shares during the period. Sterling Capital Management LLC raised its holdings in Liberty Broadband by 48.2% in the fourth quarter. Sterling Capital Management LLC now owns 815 shares of the company's stock worth $61,000 after purchasing an additional 265 shares in the last quarter. AlphaQuest LLC lifted its position in Liberty Broadband by 4,115.0% during the fourth quarter. AlphaQuest LLC now owns 843 shares of the company's stock valued at $63,000 after buying an additional 823 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Liberty Broadband by 8,480.0% during the 4th quarter. Lazard Asset Management LLC now owns 2,145 shares of the company's stock valued at $159,000 after buying an additional 2,120 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings 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 valued at $187,000 after buying an additional 1,096 shares in the last quarter. 10.29% of the stock is currently owned by institutional investors.

Liberty Broadband Stock Up 0.9%

Shares of LBRDA traded up $0.86 during trading hours on Tuesday, hitting $96.20. The company had a trading volume of 41,434 shares, compared to its average volume of 162,391. The stock has a market capitalization of $13.79 billion, a price-to-earnings ratio of 17.71 and a beta of 1.02. The firm has a fifty day moving average price of $85.46 and a 200-day moving average price of $82.16. Liberty Broadband Co. has a 52-week low of $49.68 and a 52-week high of $102.38. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.67. The business had revenue of $266.00 million during 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%.

Wall Street Analyst Weigh In

Separately, Benchmark dropped their price target on 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $86.20.

Liberty Broadband Company Profile

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.