Dimensional Fund Advisors LP Lowers Holdings in Liberty Broadband Co. (NASDAQ:LBRDA)

Dimensional Fund Advisors LP decreased its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 5.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 381,039 shares of the company's stock after selling 23,989 shares during the period. Dimensional Fund Advisors LP owned approximately 0.27% of Liberty Broadband worth $28,334,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC increased 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 worth $27,000 after buying an additional 330 shares during the last quarter. Sterling Capital Management LLC raised its position in Liberty Broadband by 48.2% in the fourth quarter. Sterling Capital Management LLC now owns 815 shares of the company's stock valued at $61,000 after purchasing an additional 265 shares during the period. AlphaQuest LLC lifted its stake in shares of Liberty Broadband by 4,115.0% in the 4th quarter. AlphaQuest LLC now owns 843 shares of the company's stock valued at $63,000 after purchasing an additional 823 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Liberty Broadband by 79.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,471 shares of the company's stock worth $187,000 after purchasing an additional 1,096 shares during the period. Finally, Pictet Asset Management Holding SA purchased a new position in shares of Liberty Broadband during the 4th quarter worth $221,000. Institutional investors and hedge funds own 10.29% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Benchmark lowered their target price on shares of Liberty Broadband from $130.00 to $115.00 and set a "buy" rating for the company in a research note 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. According to data from MarketBeat.com, Liberty Broadband currently has a consensus rating of "Hold" and a consensus price target of $86.20.

Liberty Broadband Price Performance

LBRDA traded down $0.52 on Friday, hitting $91.92. 89,847 shares of the company were exchanged, compared to its average volume of 154,484. The business's fifty day moving average is $82.45 and its 200 day moving average is $81.53. 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 debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market capitalization of $13.17 billion, a P/E ratio of 16.93 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.67. The company had revenue of $266.00 million during the quarter, compared to the consensus estimate of $248.60 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%.

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.