Liberty Broadband Co. (NASDAQ:LBRDA) Position Increased by Quantinno Capital Management LP

Quantinno Capital Management LP increased its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 86.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,311 shares of the company's stock after acquiring an additional 2,933 shares during the quarter. Quantinno Capital Management LP's holdings in Liberty Broadband were worth $469,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. PAX Financial Group LLC raised its stake in Liberty Broadband by 1.1% during the fourth quarter. PAX Financial Group LLC now owns 13,799 shares of the company's stock worth $1,026,000 after acquiring an additional 144 shares during the period. M&T Bank Corp raised its stake in Liberty Broadband by 3.6% during 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. Stifel Financial Corp increased its stake in shares of Liberty Broadband by 1.4% in the fourth quarter. Stifel Financial Corp now owns 16,307 shares of the company's stock valued at $1,213,000 after purchasing an additional 230 shares during the period. Gamco Investors INC. ET AL increased its stake in shares of Liberty Broadband by 0.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 43,407 shares of the company's stock valued at $3,228,000 after purchasing an additional 232 shares during the period. Finally, Sterling Capital Management LLC increased its stake in shares of Liberty Broadband by 48.2% in 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 during the period. Institutional investors and hedge funds own 10.29% of the company's stock.

Liberty Broadband Stock Performance

Shares of NASDAQ:LBRDA traded down $2.85 during trading hours on Thursday, hitting $92.86. The stock had a trading volume of 76,575 shares, compared to its average volume of 162,798. The stock's fifty day simple moving average is $85.97 and its 200 day simple moving average is $82.35. Liberty Broadband Co. has a 1-year low of $49.68 and a 1-year high of $102.38. The firm has a market capitalization of $13.31 billion, a price-to-earnings ratio of 17.12 and a beta of 1.02. 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 (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 the consensus estimate of $1.20 by $0.67. The business had revenue of $266.00 million during the quarter, compared to analysts' expectations of $248.60 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%.

Analyst Upgrades and Downgrades

Separately, Benchmark dropped 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 note on Monday, March 31st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Liberty Broadband has a consensus rating of "Hold" and an average 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.