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

Tabor Asset Management LP acquired a new position in shares of Liberty Broadband Corporation (NASDAQ:LBRDA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,048 shares of the company's stock, valued at approximately $2,129,000.

Several other institutional investors and hedge funds have also bought and sold shares of LBRDA. 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 valued at $124,586,000 after buying an additional 139,186 shares during the period. Vanguard Group Inc. grew its position in Liberty Broadband by 3.5% in 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 period. JNE Partners LLP acquired a new stake in Liberty Broadband in the 4th quarter valued at $47,230,000. Long Focus Capital Management LLC grew its position in Liberty Broadband by 3.8% in 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 period. Finally, Geode Capital Management LLC lifted its stake in Liberty Broadband by 12.2% during the 4th quarter. Geode Capital Management LLC now owns 249,612 shares of the company's stock valued at $18,575,000 after acquiring an additional 27,059 shares in the last quarter. Institutional investors own 10.29% of the company's stock.

Wall Street Analysts Forecast Growth

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

Liberty Broadband Price Performance

NASDAQ LBRDA traded down $2.48 during trading on Thursday, hitting $87.86. 90,906 shares of the stock traded hands, compared to its average volume of 150,574. The company has a market capitalization of $12.59 billion, a P/E ratio of 14.06 and a beta of 1.00. The firm has a 50-day simple moving average of $93.92 and a 200-day simple moving average of $85.34. 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 12-month low of $55.21 and a 12-month high of $102.38.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last released its earnings results 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. The firm 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%.

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.