UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Holdings in Liberty Broadband Co. (NASDAQ:LBRDA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 19.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,065 shares of the company's stock after buying an additional 6,454 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Liberty Broadband were worth $2,905,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. PAX Financial Group LLC increased its holdings in shares of Liberty Broadband by 1.1% during the 4th quarter. PAX Financial Group LLC now owns 13,799 shares of the company's stock worth $1,026,000 after acquiring an additional 144 shares during the last quarter. M&T Bank Corp increased its holdings in shares of Liberty Broadband by 3.6% during the 4th quarter. M&T Bank Corp now owns 4,562 shares of the company's stock worth $339,000 after acquiring an additional 158 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Liberty Broadband by 1.4% during the 4th quarter. Stifel Financial Corp now owns 16,307 shares of the company's stock worth $1,213,000 after buying an additional 230 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Liberty Broadband by 0.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 43,407 shares of the company's stock worth $3,228,000 after buying an additional 232 shares during the period. Finally, Sterling Capital Management LLC boosted its holdings in shares of Liberty Broadband by 48.2% during the 4th quarter. Sterling Capital Management LLC now owns 815 shares of the company's stock worth $61,000 after buying an additional 265 shares during the period. 10.29% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Stock Performance

Liberty Broadband stock traded up $1.25 during trading on Friday, hitting $93.39. The stock had a trading volume of 110,524 shares, compared to its average volume of 161,228. Liberty Broadband Co. has a 1 year low of $49.68 and a 1 year high of $102.38. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock's 50 day moving average is $86.90 and its two-hundred day moving average is $82.44. The stock has a market cap of $13.39 billion, a price-to-earnings ratio of 17.20 and a beta of 0.99.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last posted its 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. The firm had revenue of $266.00 million for the quarter, compared to the consensus estimate of $248.60 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%.

Analysts Set New Price Targets

Separately, Benchmark lowered 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 assigned a buy rating to the company's stock. According to MarketBeat.com, Liberty Broadband presently has an average rating of "Hold" and a consensus target price of $86.20.

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.