Teacher Retirement System of Texas Makes New $376,000 Investment in Liberty Broadband Corporation (NASDAQ:LBRDA)

Teacher Retirement System of Texas bought a new position in Liberty Broadband Corporation (NASDAQ:LBRDA - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,418 shares of the company's stock, valued at approximately $376,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LBRDA. Farther Finance Advisors LLC lifted its holdings in shares of Liberty Broadband by 891.9% during the fourth quarter. Farther Finance Advisors LLC now owns 367 shares of the company's stock worth $27,000 after buying an additional 330 shares during the last quarter. American National Bank & Trust bought a new stake in shares of Liberty Broadband during the first quarter valued at approximately $32,000. Sterling Capital Management LLC increased its position in shares of Liberty Broadband by 48.2% during the fourth quarter. Sterling Capital Management LLC now owns 815 shares of the company's stock valued at $61,000 after purchasing an additional 265 shares during the period. AlphaQuest LLC increased its position in shares of Liberty Broadband by 4,115.0% during the fourth quarter. AlphaQuest LLC now owns 843 shares of the company's stock valued at $63,000 after purchasing an additional 823 shares during the period. Finally, Lazard Asset Management LLC increased its position in shares of Liberty Broadband by 8,480.0% during the fourth quarter. Lazard Asset Management LLC now owns 2,145 shares of the company's stock valued at $159,000 after purchasing an additional 2,120 shares during the period. 10.29% of the stock is currently owned by institutional investors and hedge funds.

Liberty Broadband Price Performance

Liberty Broadband stock traded up $1.44 on Monday, reaching $88.51. The company's stock had a trading volume of 128,151 shares, compared to its average volume of 164,703. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market cap of $12.69 billion, a price-to-earnings ratio of 14.14 and a beta of 1.00. The business's fifty day moving average price is $94.18 and its 200 day moving average price is $85.20. Liberty Broadband Corporation has a twelve month low of $54.21 and a twelve month high of $102.38.

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

Wall Street Analyst Weigh In

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 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.