Millennium Management LLC Has $4.19 Million Stake in Liberty Broadband Co. (NASDAQ:LBRDA)

Millennium Management LLC increased its position in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 142.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,387 shares of the company's stock after acquiring an additional 33,174 shares during the period. Millennium Management LLC's holdings in Liberty Broadband were worth $4,193,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Aristeia Capital L.L.C. lifted its stake in shares of Liberty Broadband by 9.1% in 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 last quarter. Vanguard Group Inc. boosted its position in shares of Liberty Broadband by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 1,462,794 shares of the company's stock valued at $108,773,000 after acquiring an additional 49,547 shares during the period. JNE Partners LLP bought a new stake in shares of Liberty Broadband in the fourth quarter valued at approximately $47,230,000. Wealthfront Advisers LLC bought a new position in Liberty Broadband during the fourth quarter worth $35,441,000. Finally, Seizert Capital Partners LLC boosted its holdings in Liberty Broadband by 7.5% in the 4th quarter. Seizert Capital Partners LLC now owns 423,895 shares of the company's stock valued at $31,521,000 after purchasing an additional 29,477 shares during the period. 10.29% of the stock is currently owned by institutional investors and hedge funds.

Liberty Broadband Trading Down 1.6%

Liberty Broadband stock traded down $1.53 during trading hours on Tuesday, reaching $91.43. 54,322 shares of the company's stock traded hands, compared to its average volume of 161,376. The firm's 50 day moving average is $86.36 and its 200-day moving average is $82.21. 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 Co. has a fifty-two week low of $49.68 and a fifty-two week high of $102.38. The firm has a market capitalization of $13.10 billion, a price-to-earnings ratio of 16.84 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.67. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The business had revenue of $266.00 million during the quarter, compared to analysts' expectations of $248.60 million.

Wall Street Analyst Weigh In

Separately, Benchmark reduced their price objective 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 assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target 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.