137,037 Shares in Liberty Broadband Co. (NASDAQ:LBRDA) Purchased by Toronto Dominion Bank

Toronto Dominion Bank purchased a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 137,037 shares of the company's stock, valued at approximately $10,190,000. Toronto Dominion Bank owned 0.10% of Liberty Broadband as of its most recent SEC filing.

Several other large investors have also made changes to their positions in LBRDA. Quantinno Capital Management LP lifted its stake in Liberty Broadband by 86.8% in the fourth quarter. Quantinno Capital Management LP now owns 6,311 shares of the company's stock valued at $469,000 after buying an additional 2,933 shares during the period. Occudo Quantitative Strategies LP acquired a new position in Liberty Broadband in the fourth quarter valued at about $245,000. Millennium Management LLC lifted its stake in Liberty Broadband by 142.9% in the fourth quarter. Millennium Management LLC now owns 56,387 shares of the company's stock valued at $4,193,000 after buying an additional 33,174 shares during the period. Lazard Asset Management LLC lifted its stake in Liberty Broadband by 8,480.0% in the fourth quarter. Lazard Asset Management LLC now owns 2,145 shares of the company's stock valued at $159,000 after buying an additional 2,120 shares during the period. Finally, JNE Partners LLP acquired a new position in Liberty Broadband in the fourth quarter valued at about $47,230,000. Institutional investors and hedge funds own 10.29% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Benchmark cut their target price 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $86.20.

Liberty Broadband Trading Down 0.6%

Shares of Liberty Broadband stock traded down $0.57 during trading hours on Friday, hitting $95.34. The company's stock had a trading volume of 211,345 shares, compared to its average volume of 162,507. Liberty Broadband Co. has a 12 month low of $49.68 and a 12 month high of $102.38. The stock has a 50 day moving average of $85.17 and a 200 day moving average of $82.39. The company has a market capitalization of $13.67 billion, a PE ratio of 17.56 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.67. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The company had revenue of $266.00 million during the quarter, compared to the consensus estimate of $248.60 million.

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. 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.