Ionic Capital Management LLC Lowers Holdings in Liberty Broadband Co. (NASDAQ:LBRDA)

Ionic Capital Management LLC cut its holdings in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 22.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,315 shares of the company's stock after selling 3,894 shares during the quarter. Ionic Capital Management LLC's holdings in Liberty Broadband were worth $990,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. JNE Partners LLP bought a new stake in Liberty Broadband during the fourth quarter worth approximately $47,230,000. Wealthfront Advisers LLC purchased a new position in shares of Liberty Broadband in the 4th quarter worth approximately $35,441,000. Norges Bank bought a new position in shares of Liberty Broadband during the 4th quarter valued at approximately $15,896,000. Aristeia Capital L.L.C. raised its holdings in Liberty Broadband by 9.1% during the 4th quarter. Aristeia Capital L.L.C. now owns 1,675,445 shares of the company's stock valued at $124,586,000 after buying an additional 139,186 shares during the period. Finally, Pentwater Capital Management LP bought a new stake in Liberty Broadband in the fourth quarter worth $7,585,000. Institutional investors own 10.29% of the company's stock.

Analysts Set New Price Targets

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

Liberty Broadband Trading Up 4.1%

Shares of LBRDA traded up $3.95 during mid-day trading on Friday, reaching $100.20. 877,794 shares of the company's stock traded hands, compared to its average volume of 158,480. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The stock's 50-day moving average is $83.14 and its two-hundred day moving average is $81.90. Liberty Broadband Co. has a 12 month low of $49.68 and a 12 month high of $104.50. The stock has a market cap of $14.36 billion, a P/E ratio of 18.45 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 (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.67. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The company had revenue of $266.00 million during the quarter, compared to analysts' expectations of $248.60 million.

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.