2,580 Shares in Liberty Broadband Corporation (NASDAQ:LBRDA) Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new position in shares of Liberty Broadband Corporation (NASDAQ:LBRDA - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,580 shares of the company's stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors have also modified their holdings of LBRDA. Moran Wealth Management LLC lifted its holdings in shares of Liberty Broadband by 11.5% during the first quarter. Moran Wealth Management LLC now owns 36,684 shares of the company's stock worth $3,118,000 after buying an additional 3,776 shares in the last quarter. Handelsbanken Fonder AB raised its stake in Liberty Broadband by 35.5% in the 1st quarter. Handelsbanken Fonder AB now owns 4,200 shares of the company's stock worth $357,000 after purchasing an additional 1,100 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Liberty Broadband by 54.2% in the 1st quarter. Farther Finance Advisors LLC now owns 566 shares of the company's stock valued at $48,000 after purchasing an additional 199 shares during the period. American National Bank & Trust acquired a new position in shares of Liberty Broadband during the 1st quarter worth approximately $32,000. Finally, Rhumbline Advisers raised its position in shares of Liberty Broadband by 1.4% in the first quarter. Rhumbline Advisers now owns 21,081 shares of the company's stock valued at $1,792,000 after buying an additional 290 shares in the last quarter. Institutional investors own 10.29% of the company's stock.

Liberty Broadband Price Performance

NASDAQ:LBRDA traded up $1.27 on Tuesday, hitting $99.04. The company had a trading volume of 111,348 shares, compared to its average volume of 163,619. Liberty Broadband Corporation has a 52 week low of $51.58 and a 52 week high of $102.38. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $14.20 billion, a price-to-earnings ratio of 15.82 and a beta of 1.00. The firm has a 50 day moving average of $93.99 and a two-hundred day moving average of $84.22.

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 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 the consensus estimate 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 on the stock in a report on Monday, March 31st.

Liberty Broadband Profile

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.