Voloridge Investment Management LLC Invests $483,000 in Liberty Broadband Co. (NASDAQ:LBRDA)

Voloridge Investment Management LLC purchased a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,490 shares of the company's stock, valued at approximately $483,000.

Several other institutional investors and hedge funds have also made changes to their positions in LBRDA. Northern Trust Corp boosted its stake in Liberty Broadband by 5.2% during the 4th quarter. Northern Trust Corp now owns 87,658 shares of the company's stock valued at $6,518,000 after acquiring an additional 4,326 shares during the last quarter. Seizert Capital Partners LLC raised its holdings in shares of Liberty Broadband by 7.5% during the fourth quarter. Seizert Capital Partners LLC now owns 423,895 shares of the company's stock worth $31,521,000 after purchasing an additional 29,477 shares during the period. Wealthfront Advisers LLC acquired a new stake in shares of Liberty Broadband during the fourth quarter worth $35,441,000. Moran Wealth Management LLC acquired a new stake in shares of Liberty Broadband during the fourth quarter worth $2,447,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Liberty Broadband by 891.9% during the fourth quarter. Farther Finance Advisors LLC now owns 367 shares of the company's stock worth $27,000 after purchasing an additional 330 shares during the period. 10.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Liberty Broadband Price Performance

LBRDA traded down $0.56 on Tuesday, reaching $92.40. The company had a trading volume of 212,278 shares, compared to its average volume of 161,763. Liberty Broadband Co. has a one year low of $49.68 and a one year high of $102.38. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The company has a fifty day moving average of $86.45 and a 200-day moving average of $82.28. The company has a market capitalization of $13.24 billion, a P/E ratio of 17.02 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter, beating the consensus estimate 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.

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.