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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 19.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,065 shares of the company's stock after purchasing 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 reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LBRDA. Farther Finance Advisors LLC grew its holdings in shares of Liberty Broadband by 891.9% during the 4th quarter. Farther Finance Advisors LLC now owns 367 shares of the company's stock valued at $27,000 after purchasing an additional 330 shares during the last quarter. Sterling Capital Management LLC boosted its position in 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 buying an additional 265 shares during the period. AlphaQuest LLC grew its stake 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 buying an additional 823 shares during the last quarter. Lazard Asset Management LLC grew its stake 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 buying an additional 2,120 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of Liberty Broadband by 79.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,471 shares of the company's stock worth $187,000 after buying an additional 1,096 shares during the period. 10.29% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Trading Down 0.6%

Liberty Broadband stock traded down $0.58 during trading hours on Monday, reaching $92.81. The stock had a trading volume of 440,008 shares, compared to its average volume of 161,530. The company has a fifty day simple moving average of $86.90 and a 200-day simple moving average of $82.38. Liberty Broadband Co. has a 52 week low of $49.68 and a 52 week high of $102.38. The stock has a market cap of $13.30 billion, a PE ratio of 17.09 and a beta of 0.99. 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 posted its earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.67. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The company had revenue of $266.00 million during the quarter, compared to analyst estimates of $248.60 million.

Wall Street Analyst Weigh In

Separately, Benchmark dropped their target price on Liberty Broadband from $130.00 to $115.00 and set a "buy" rating for the company in a report on Monday, March 31st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $86.20.

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.