Teacher Retirement System of Texas Purchases Shares of 31,346 Liberty Broadband Corporation (NASDAQ:LBRDK)

Teacher Retirement System of Texas acquired a new position in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 31,346 shares of the company's stock, valued at approximately $2,666,000.

Other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its position in Liberty Broadband by 0.5% in the fourth quarter. Ameriprise Financial Inc. now owns 27,909 shares of the company's stock worth $2,086,000 after purchasing an additional 131 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Liberty Broadband by 61.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 406 shares of the company's stock worth $30,000 after buying an additional 154 shares during the period. Northeast Financial Consultants Inc raised its stake in shares of Liberty Broadband by 6.3% in the fourth quarter. Northeast Financial Consultants Inc now owns 2,989 shares of the company's stock worth $223,000 after buying an additional 177 shares during the period. Balefire LLC raised its stake in shares of Liberty Broadband by 1.6% in the first quarter. Balefire LLC now owns 14,340 shares of the company's stock worth $1,220,000 after buying an additional 227 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Liberty Broadband by 2.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 11,416 shares of the company's stock worth $853,000 after buying an additional 280 shares during the period. Institutional investors own 80.22% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Liberty Broadband to a "hold" rating in a research note on Saturday.

Liberty Broadband Price Performance

LBRDK traded down $2.38 on Friday, hitting $94.88. 883,633 shares of the company's stock traded hands, compared to its average volume of 1,062,909. The company's 50 day simple moving average is $95.29 and its 200-day simple moving average is $85.41. The firm has a market cap of $13.60 billion, a price-to-earnings ratio of 15.16 and a beta of 1.01. Liberty Broadband Corporation has a one year low of $54.71 and a one year high of $104.00. 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 (NASDAQ:LBRDK - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share (EPS) for the quarter. The company had revenue of $256.00 million for the quarter. Liberty Broadband had a return on equity of 9.24% and a net margin of 88.10%. As a group, research analysts anticipate that Liberty Broadband Corporation will post 7.71 EPS for the current year.

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.