Delta Investment Management LLC Lowers Stake in Liberty Broadband Co. (NASDAQ:LBRDA)

Delta Investment Management LLC decreased its holdings in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 78.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,692 shares of the company's stock after selling 31,755 shares during the period. Delta Investment Management LLC's holdings in Liberty Broadband were worth $646,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in 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 acquiring an additional 330 shares during the last quarter. Sterling Capital Management LLC grew its position in shares of Liberty Broadband by 48.2% during the fourth quarter. Sterling Capital Management LLC now owns 815 shares of the company's stock valued at $61,000 after purchasing an additional 265 shares in the last quarter. AlphaQuest LLC grew its position in shares of 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 purchasing an additional 823 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Liberty Broadband by 8,480.0% in the fourth 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 last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Liberty Broadband by 79.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,471 shares of the company's stock worth $187,000 after buying an additional 1,096 shares in the last quarter. Institutional investors own 10.29% of the company's stock.

Liberty Broadband Trading Down 0.6%

Liberty Broadband stock traded down $0.57 during midday trading on Friday, reaching $95.34. The stock had a trading volume of 211,345 shares, compared to its average volume of 162,857. 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 market cap of $13.67 billion, a price-to-earnings ratio of 17.56 and a beta of 1.02. Liberty Broadband Co. has a 52-week low of $49.68 and a 52-week high of $102.38. The company has a fifty day moving average of $85.17 and a 200 day moving average of $82.27.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 earnings per share (EPS) for the quarter, beating 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 company had revenue of $266.00 million during the quarter, compared to analysts' expectations of $248.60 million.

Analysts Set New Price Targets

Separately, Benchmark reduced 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 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 presently has an average rating of "Hold" and a consensus target price of $86.20.

About Liberty Broadband

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.