Moran Wealth Management LLC increased its holdings in Liberty Broadband Corporation (NASDAQ:LBRDA - Free Report) by 11.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,684 shares of the company's stock after acquiring 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.
A number of other hedge funds also recently added to or reduced their stakes in LBRDA. Proficio Capital Partners LLC purchased a new stake in Liberty Broadband in the fourth quarter worth about $4,390,000. M&T Bank Corp lifted its stake in Liberty Broadband by 3.6% in the fourth quarter. M&T Bank Corp now owns 4,562 shares of the company's stock worth $339,000 after acquiring an additional 158 shares during the period. Seizert Capital Partners LLC lifted its position in shares of Liberty Broadband by 7.5% during the fourth quarter. Seizert Capital Partners LLC now owns 423,895 shares of the company's stock valued at $31,521,000 after buying an additional 29,477 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Liberty Broadband during the fourth quarter valued at about $306,000. Finally, AlphaQuest LLC lifted 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 buying an additional 823 shares during the last quarter. 10.29% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Benchmark decreased their price target on shares of Liberty Broadband from $130.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $86.20.
Check Out Our Latest Research Report on LBRDA
Liberty Broadband Stock Performance
Shares of Liberty Broadband stock traded up $2.87 during midday trading on Friday, hitting $95.55. The company had a trading volume of 471,779 shares, compared to its average volume of 163,035. The stock has a market cap of $13.70 billion, a price-to-earnings ratio of 15.26 and a beta of 0.99. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.35. The company has a fifty day simple moving average of $91.36 and a 200 day simple moving average of $83.27. Liberty Broadband Corporation has a 12-month low of $51.58 and a 12-month high of $102.38.
Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last posted its quarterly 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 net margin of 86.40% and a return on equity of 9.24%. The company had revenue of $266.00 million during the quarter, compared to analyst estimates of $248.60 million.
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.
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