Hussman Strategic Advisors Inc. Makes New Investment in Liberty Broadband Corporation (NASDAQ:LBRDA)

Hussman Strategic Advisors Inc. purchased a new position in shares of Liberty Broadband Corporation (NASDAQ:LBRDA - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 31,500 shares of the company's stock, valued at approximately $2,678,000.

Several other hedge funds have also made changes to their positions in LBRDA. JNE Partners LLP acquired a new stake in shares of Liberty Broadband during the fourth quarter worth about $47,230,000. Norges Bank purchased a new stake in shares of Liberty Broadband during the fourth quarter worth approximately $15,896,000. Aristeia Capital L.L.C. increased its stake in shares of Liberty Broadband by 9.1% during the fourth quarter. Aristeia Capital L.L.C. now owns 1,675,445 shares of the company's stock worth $124,586,000 after buying an additional 139,186 shares during the period. Toronto Dominion Bank purchased a new stake in shares of Liberty Broadband during the fourth quarter worth approximately $10,190,000. Finally, Pentwater Capital Management LP purchased a new stake in shares of Liberty Broadband during the fourth quarter worth approximately $7,585,000. Institutional investors and hedge funds own 10.29% of the company's stock.

Analysts Set New Price Targets

Separately, Benchmark dropped their price target on shares of Liberty Broadband from $130.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, March 31st.

Liberty Broadband Trading Up 1.0%

Shares of NASDAQ LBRDA traded up $0.84 on Monday, reaching $87.91. 61,213 shares of the company traded hands, compared to its average volume of 164,446. Liberty Broadband Corporation has a fifty-two week low of $54.21 and a fifty-two week high of $102.38. The company has a 50 day moving average of $94.18 and a 200 day moving average of $85.20. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $12.60 billion, a PE ratio of 14.03 and a beta of 1.00.

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 analysts' consensus estimates of $1.20 by $0.67. Liberty Broadband had a return on equity of 9.24% and a net margin of 86.40%. The business had revenue of $266.00 million during the quarter, compared to analysts' expectations of $248.60 million.

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.