Toronto Dominion Bank Purchases Shares of 137,037 Liberty Broadband Co. (NASDAQ:LBRDA)

Toronto Dominion Bank acquired a new stake in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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 filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. JNE Partners LLP acquired a new position in shares of Liberty Broadband in the 4th quarter valued at $47,230,000. Wealthfront Advisers LLC acquired a new stake in shares of Liberty Broadband in the 4th quarter worth $35,441,000. Norges Bank acquired a new stake in shares of Liberty Broadband in the 4th quarter worth $15,896,000. Aristeia Capital L.L.C. lifted its stake in shares of Liberty Broadband by 9.1% in the 4th quarter. Aristeia Capital L.L.C. now owns 1,675,445 shares of the company's stock worth $124,586,000 after acquiring an additional 139,186 shares during the period. Finally, Pentwater Capital Management LP acquired a new stake in shares of Liberty Broadband in the 4th quarter worth $7,585,000. Hedge funds and other institutional investors own 10.29% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Benchmark reduced their price objective on shares of Liberty Broadband from $130.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $86.20.

Liberty Broadband Price Performance

NASDAQ:LBRDA traded up $0.06 during mid-day trading on Monday, hitting $92.96. 222,872 shares of the company's stock traded hands, compared to its average volume of 161,784. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The firm's 50 day simple moving average is $86.36 and its 200 day simple moving average is $82.21. Liberty Broadband Co. has a 1 year low of $49.68 and a 1 year high of $102.38. The company has a market cap of $13.32 billion, a PE ratio of 17.12 and a beta of 1.02.

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

Liberty Broadband Company 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.