Tabor Asset Management LP Makes New $2.13 Million Investment in Liberty Broadband Corporation (NASDAQ:LBRDA)

Tabor Asset Management LP bought a new stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDA - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 25,048 shares of the company's stock, valued at approximately $2,129,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC purchased a new position in shares of Liberty Broadband in the 1st quarter worth $219,000. Rhumbline Advisers increased its position in shares of Liberty Broadband by 1.4% during the 1st quarter. Rhumbline Advisers now owns 21,081 shares of the company's stock valued at $1,792,000 after purchasing an additional 290 shares during the last quarter. Millennium Management LLC increased its position in shares of Liberty Broadband by 142.9% during the 4th quarter. Millennium Management LLC now owns 56,387 shares of the company's stock valued at $4,193,000 after purchasing an additional 33,174 shares during the last quarter. Moran Wealth Management LLC increased its position in shares of Liberty Broadband by 11.5% during the 1st quarter. Moran Wealth Management LLC now owns 36,684 shares of the company's stock valued at $3,118,000 after purchasing an additional 3,776 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Liberty Broadband by 54.2% during 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 last quarter. Institutional investors own 10.29% of the company's stock.

Liberty Broadband Stock Up 1.0%

NASDAQ LBRDA traded up $0.85 during trading hours on Monday, hitting $87.92. 61,213 shares of the company were exchanged, compared to its average volume of 164,446. The company has a 50 day moving average of $94.18 and a two-hundred day moving average of $85.20. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.35. Liberty Broadband Corporation has a 52-week low of $54.21 and a 52-week high of $102.38. The firm has a market cap of $12.60 billion, a price-to-earnings ratio of 14.03 and a beta of 1.00.

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

Analyst Ratings Changes

Separately, Benchmark dropped their price target on Liberty Broadband from $130.00 to $115.00 and set a "buy" rating on the stock in a research 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.