Delta Investment Management LLC trimmed its holdings in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 78.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,692 shares of the company's stock after selling 31,755 shares during the quarter. Delta Investment Management LLC's holdings in Liberty Broadband were worth $646,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in shares of Liberty Broadband by 891.9% in the fourth quarter. Farther Finance Advisors LLC now owns 367 shares of the company's stock worth $27,000 after buying an additional 330 shares during the period. Sterling Capital Management LLC lifted its position in shares of Liberty Broadband by 48.2% in the 4th quarter. Sterling Capital Management LLC now owns 815 shares of the company's stock valued at $61,000 after acquiring an additional 265 shares in the last quarter. AlphaQuest LLC lifted its position in shares of Liberty Broadband by 4,115.0% in the 4th quarter. AlphaQuest LLC now owns 843 shares of the company's stock valued at $63,000 after acquiring an additional 823 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Liberty Broadband by 8,480.0% in the 4th quarter. Lazard Asset Management LLC now owns 2,145 shares of the company's stock worth $159,000 after purchasing an additional 2,120 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in Liberty Broadband by 79.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,471 shares of the company's stock worth $187,000 after purchasing an additional 1,096 shares in the last quarter. Institutional investors own 10.29% of the company's stock.
Liberty Broadband Price Performance
NASDAQ LBRDA opened at $98.09 on Tuesday. 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 $14.06 billion, a price-to-earnings ratio of 18.06 and a beta of 1.02. The company has a 50 day simple moving average of $83.88 and a 200-day simple moving average of $82.12. Liberty Broadband Co. has a 52-week low of $49.68 and a 52-week high of $102.38.
Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $266.00 million for the quarter, compared to analyst estimates of $248.60 million.
Analyst Upgrades and Downgrades
Separately, Benchmark reduced their target price 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 analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Liberty Broadband currently has an average rating of "Hold" and a consensus target price of $86.20.
Read Our Latest Stock Analysis on LBRDA
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.
Further Reading
Want to see what other hedge funds are holding LBRDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Broadband Co. (NASDAQ:LBRDA - Free Report).
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