Northern Trust Corp Boosts Holdings in Liberty Broadband Co. (NASDAQ:LBRDA)

Northern Trust Corp boosted its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 5.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 87,658 shares of the company's stock after acquiring an additional 4,326 shares during the period. Northern Trust Corp owned about 0.06% of Liberty Broadband worth $6,518,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LBRDA. Credit Industriel ET Commercial purchased a new position in shares of Liberty Broadband in the fourth quarter valued at approximately $4,089,000. Long Focus Capital Management LLC raised its stake 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 purchasing an additional 11,700 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Liberty Broadband by 21.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,726 shares of the company's stock valued at $872,000 after purchasing an additional 2,078 shares in the last quarter. Stifel Financial Corp boosted its stake in Liberty Broadband by 1.4% during the 4th quarter. Stifel Financial Corp now owns 16,307 shares of the company's stock worth $1,213,000 after purchasing an additional 230 shares during the last quarter. Finally, Natixis purchased a new stake in shares of Liberty Broadband during the fourth quarter worth $1,402,000. 10.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Benchmark decreased 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. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $86.20.

Liberty Broadband Trading Down 0.6%

Shares of LBRDA traded down $0.57 during midday trading on Friday, reaching $95.34. The company had a trading volume of 211,345 shares, compared to its average volume of 162,857. Liberty Broadband Co. has a 1-year low of $49.68 and a 1-year high of $102.38. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The firm has a 50 day simple moving average of $85.17 and a 200-day simple moving average of $82.18. The stock has a market cap of $13.67 billion, a PE ratio of 17.56 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last posted its earnings results 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 net margin of 78.07% and a return on equity of 8.45%. The company had revenue of $266.00 million for the quarter, compared to analyst estimates of $248.60 million.

Liberty Broadband 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.