Aristeia Capital L.L.C. Grows Holdings in Liberty Broadband Co. (NASDAQ:LBRDA)

Aristeia Capital L.L.C. boosted its holdings in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,675,445 shares of the company's stock after purchasing an additional 139,186 shares during the period. Liberty Broadband makes up 4.2% of Aristeia Capital L.L.C.'s portfolio, making the stock its 5th largest position. Aristeia Capital L.L.C. owned 1.17% of Liberty Broadband worth $124,586,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in Liberty Broadband during the 3rd quarter worth approximately $1,815,000. Barclays PLC increased its holdings in shares of Liberty Broadband by 244.6% in the 3rd quarter. Barclays PLC now owns 4,887 shares of the company's stock worth $375,000 after buying an additional 3,469 shares during the last quarter. Seizert Capital Partners LLC increased its position in shares of Liberty Broadband by 7.5% during the 4th quarter. Seizert Capital Partners LLC now owns 423,895 shares of the company's stock valued at $31,521,000 after purchasing an additional 29,477 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in Liberty Broadband in the 4th quarter worth about $35,441,000. Finally, Moran Wealth Management LLC bought a new stake in Liberty Broadband during the 4th quarter valued at about $2,447,000. 10.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Benchmark dropped their target price 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $86.20.

Liberty Broadband Stock Up 0.7 %

NASDAQ:LBRDA traded up $0.66 during trading hours on Thursday, hitting $92.95. 49,891 shares of the stock traded hands, compared to its average volume of 154,527. Liberty Broadband Co. has a fifty-two week low of $49.68 and a fifty-two week high of $100.44. 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 firm has a market cap of $13.32 billion, a price-to-earnings ratio of 17.12 and a beta of 1.02. The firm has a 50 day moving average price of $82.10 and a 200 day moving average price of $81.34.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.67. The business had revenue of $266.00 million for the quarter, compared to analyst estimates of $248.60 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%.

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.