Legal & General Group Plc Has $1.11 Million Holdings in Liberty Broadband Co. (NASDAQ:LBRDA)

Legal & General Group Plc trimmed its stake in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 30.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,919 shares of the company's stock after selling 6,431 shares during the quarter. Legal & General Group Plc's holdings in Liberty Broadband were worth $1,109,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Liberty Broadband during the third quarter valued at approximately $1,815,000. Barclays PLC grew its holdings in shares of Liberty Broadband by 244.6% during the third quarter. Barclays PLC now owns 4,887 shares of the company's stock valued at $375,000 after buying an additional 3,469 shares in the last quarter. Seizert Capital Partners LLC boosted its position in Liberty Broadband by 7.5% during the 4th quarter. Seizert Capital Partners LLC now owns 423,895 shares of the company's stock worth $31,521,000 after acquiring an additional 29,477 shares during the period. Wealthfront Advisers LLC acquired a new stake in Liberty Broadband during the 4th quarter worth about $35,441,000. Finally, Moran Wealth Management LLC purchased a new stake in shares of Liberty Broadband during the 4th quarter worth about $2,447,000. 10.29% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Trading Down 0.6 %

Liberty Broadband stock traded down $0.53 during midday trading on Thursday, hitting $88.52. 20,740 shares of the stock were exchanged, compared to its average volume of 153,901. The company has a fifty day simple moving average of $81.12 and a two-hundred day simple moving average of $80.98. Liberty Broadband Co. has a 52 week low of $49.68 and a 52 week high of $100.44. The stock has a market capitalization of $12.68 billion, a PE ratio of 16.29 and a beta of 1.03. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.31. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The company had revenue of $263.00 million for the quarter, compared to the consensus estimate of $252.50 million.

Wall Street Analyst Weigh In

Separately, Benchmark cut their price objective 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target 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.