Teacher Retirement System of Texas Invests $2.67 Million in Liberty Broadband Corporation (NASDAQ:LBRDK)

Teacher Retirement System of Texas acquired a new stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 31,346 shares of the company's stock, valued at approximately $2,666,000.

Several other large investors have also made changes to their positions in the company. Highland Capital Management LLC acquired a new position in Liberty Broadband in the 1st quarter valued at $1,163,000. Hi Line Capital Management LLC lifted its position in shares of Liberty Broadband by 17.9% in the 1st quarter. Hi Line Capital Management LLC now owns 165,319 shares of the company's stock worth $14,060,000 after acquiring an additional 25,132 shares during the period. ProShare Advisors LLC acquired a new stake in shares of Liberty Broadband during the 4th quarter worth approximately $221,000. Canada Pension Plan Investment Board increased its position in shares of Liberty Broadband by 331.4% during the fourth quarter. Canada Pension Plan Investment Board now owns 228,200 shares of the company's stock valued at $17,060,000 after purchasing an additional 175,300 shares during the period. Finally, Amalgamated Bank raised its stake in shares of Liberty Broadband by 5.8% in the first quarter. Amalgamated Bank now owns 6,293 shares of the company's stock valued at $535,000 after purchasing an additional 346 shares in the last quarter. Institutional investors own 80.22% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen assumed coverage on shares of Liberty Broadband in a report on Friday, May 16th. They issued a "sell" rating on the stock.

Liberty Broadband Price Performance

NASDAQ LBRDK traded down $2.38 during trading on Friday, reaching $94.88. 883,633 shares of the company traded hands, compared to its average volume of 1,060,924. Liberty Broadband Corporation has a 1-year low of $54.44 and a 1-year high of $104.00. The company has a market cap of $13.60 billion, a price-to-earnings ratio of 15.16 and a beta of 1.01. The stock's 50 day moving average price is $95.29 and its two-hundred day moving average price is $85.35. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.39.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $1.87 EPS for the quarter. Liberty Broadband had a net margin of 88.10% and a return on equity of 9.24%. The company had revenue of $256.00 million for the quarter. As a group, analysts anticipate that Liberty Broadband Corporation will post 7.71 EPS for the current year.

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.