Tabor Asset Management LP Acquires New Shares 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 its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 25,048 shares of the company's stock, valued at approximately $2,129,000.

Several other institutional investors also recently bought and sold shares of LBRDA. JNE Partners LLP bought a new position in Liberty Broadband during the fourth quarter valued at about $47,230,000. Norges Bank bought a new position in shares of Liberty Broadband in the fourth quarter worth about $15,896,000. Aristeia Capital L.L.C. increased its stake in shares of Liberty Broadband by 9.1% in the fourth quarter. Aristeia Capital L.L.C. now owns 1,675,445 shares of the company's stock worth $124,586,000 after purchasing an additional 139,186 shares during the period. Toronto Dominion Bank bought a new position in shares of Liberty Broadband in the fourth quarter worth about $10,190,000. Finally, Pentwater Capital Management LP bought a new position in shares of Liberty Broadband in the fourth quarter worth about $7,585,000. 10.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Benchmark lowered their price target on Liberty Broadband from $130.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, March 31st.

Liberty Broadband Price Performance

Shares of LBRDA traded down $0.10 on Friday, hitting $87.49. The company's stock had a trading volume of 10,445 shares, compared to its average volume of 164,207. The company has a market capitalization of $12.54 billion, a PE ratio of 13.99 and a beta of 1.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.39 and a quick ratio of 1.39. Liberty Broadband Corporation has a fifty-two week low of $54.21 and a fifty-two week high of $102.38. The company has a 50 day moving average price of $94.28 and a 200 day moving average price of $84.97.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.20 by $0.67. The business had revenue of $266.00 million for the quarter, compared to the consensus estimate of $248.60 million. Liberty Broadband had a return on equity of 9.24% and a net margin of 86.40%.

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.

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