4,418 Shares in Liberty Broadband Corporation (NASDAQ:LBRDA) Acquired by Teacher Retirement System of Texas

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

Several other institutional investors also recently bought and sold shares of the business. Aristeia Capital L.L.C. grew its holdings in 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 purchasing an additional 139,186 shares during the period. Vanguard Group Inc. boosted its stake in shares of Liberty Broadband by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 1,462,794 shares of the company's stock worth $108,773,000 after acquiring an additional 49,547 shares during the last quarter. JNE Partners LLP acquired a new stake in shares of Liberty Broadband in the fourth quarter worth approximately $47,230,000. Long Focus Capital Management LLC boosted its stake in shares of Liberty Broadband by 3.8% in the fourth quarter. Long Focus Capital Management LLC now owns 321,800 shares of the company's stock worth $23,929,000 after acquiring an additional 11,700 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Liberty Broadband by 12.2% in the fourth quarter. Geode Capital Management LLC now owns 249,612 shares of the company's stock worth $18,575,000 after acquiring an additional 27,059 shares during the last quarter. 10.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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 NASDAQ:LBRDA traded down $0.51 during trading on Friday, reaching $87.07. The stock had a trading volume of 104,628 shares, compared to its average volume of 164,577. 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 business has a fifty day moving average price of $94.28 and a 200-day moving average price of $84.97. The stock has a market cap of $12.48 billion, a PE ratio of 13.91 and a beta of 1.00. Liberty Broadband Corporation has a 1-year low of $54.21 and a 1-year high of $102.38.

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

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.