Moran Wealth Management LLC increased its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDA - Free Report) by 11.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,684 shares of the company's stock after buying an additional 3,776 shares during the quarter. Moran Wealth Management LLC's holdings in Liberty Broadband were worth $3,118,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in shares of Liberty Broadband by 891.9% during the fourth quarter. Farther Finance Advisors LLC now owns 367 shares of the company's stock worth $27,000 after acquiring an additional 330 shares in the last quarter. American National Bank & Trust acquired a new position in Liberty Broadband in the 1st quarter worth $32,000. Sterling Capital Management LLC increased its holdings in Liberty Broadband by 48.2% during the 4th quarter. Sterling Capital Management LLC now owns 815 shares of the company's stock worth $61,000 after purchasing an additional 265 shares in the last quarter. AlphaQuest LLC increased its holdings in Liberty Broadband by 4,115.0% during the 4th quarter. AlphaQuest LLC now owns 843 shares of the company's stock worth $63,000 after purchasing an additional 823 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of Liberty Broadband by 8,480.0% in the 4th quarter. Lazard Asset Management LLC now owns 2,145 shares of the company's stock valued at $159,000 after purchasing an additional 2,120 shares during the period. 10.29% of the stock is currently owned by institutional investors.
Liberty Broadband Stock Down 1.0%
LBRDA traded down $0.97 on Thursday, hitting $92.68. 216,183 shares of the company were exchanged, compared to its average volume of 161,952. The stock's fifty day moving average is $90.69 and its 200-day moving average is $83.04. Liberty Broadband Corporation has a 12 month low of $51.58 and a 12 month high of $102.38. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market cap of $13.28 billion, a PE ratio of 14.81 and a beta of 0.99.
Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $266.00 million for the quarter, compared to analysts' expectations of $248.60 million.
Wall Street Analysts Forecast Growth
Separately, Benchmark lowered their price objective on shares of Liberty Broadband from $130.00 to $115.00 and set a "buy" rating on the stock 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 company. According to data from MarketBeat.com, Liberty Broadband presently has a consensus rating of "Hold" and an average price target of $86.20.
Read Our Latest Report on Liberty Broadband
Liberty Broadband Company Profile
(
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.
Featured Articles
Before you consider Liberty Broadband, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Liberty Broadband wasn't on the list.
While Liberty Broadband currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
