Sequoia Financial Advisors LLC Makes New Investment in Liberty Broadband Corporation (NASDAQ:LBRDA)

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

A number of other institutional investors have also bought and sold shares of the business. Aristeia Capital L.L.C. boosted its holdings in shares of Liberty Broadband by 9.1% during the 4th quarter. Aristeia Capital L.L.C. now owns 1,675,445 shares of the company's stock valued at $124,586,000 after purchasing an additional 139,186 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Liberty Broadband by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 1,462,794 shares of the company's stock valued at $108,773,000 after purchasing an additional 49,547 shares during the last quarter. JNE Partners LLP bought a new position in shares of Liberty Broadband during the 4th quarter valued at about $47,230,000. Wealthfront Advisers LLC bought a new position in shares of Liberty Broadband during the 4th quarter valued at about $35,441,000. Finally, Long Focus Capital Management LLC boosted its holdings in shares of Liberty Broadband by 3.8% during the 4th quarter. Long Focus Capital Management LLC now owns 321,800 shares of the company's stock valued at $23,929,000 after purchasing an additional 11,700 shares during the last quarter. Hedge funds and other institutional investors own 10.29% of the company's stock.

Liberty Broadband Stock Up 1.0%

Shares of NASDAQ:LBRDA opened at $99.79 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35. Liberty Broadband Corporation has a 12 month low of $51.58 and a 12 month high of $102.38. The company has a 50-day moving average price of $93.53 and a 200 day moving average price of $83.88. The company has a market cap of $14.30 billion, a price-to-earnings ratio of 15.94 and a beta of 1.00.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 EPS for the quarter, beating 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 firm had revenue of $266.00 million during the quarter, compared to the consensus estimate of $248.60 million.

Wall Street Analysts Forecast Growth

Separately, Benchmark lowered their price target on shares of Liberty Broadband from $130.00 to $115.00 and set a "buy" rating for the company in a report on Monday, March 31st.

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.

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