3,292 Shares in Liberty Broadband Co. (NASDAQ:LBRDA) Acquired by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP bought a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 3,292 shares of the company's stock, valued at approximately $245,000.

Several other large investors have also recently bought and sold shares of LBRDA. JNE Partners LLP bought a new stake in shares of Liberty Broadband during the fourth quarter valued at approximately $47,230,000. Wealthfront Advisers LLC bought a new stake in Liberty Broadband in the 4th quarter valued at $35,441,000. Norges Bank bought a new position in shares of Liberty Broadband during the 4th quarter worth about $15,896,000. Aristeia Capital L.L.C. boosted its position in shares of 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 acquiring an additional 139,186 shares in the last quarter. Finally, Pentwater Capital Management LP bought a new stake in Liberty Broadband in the fourth quarter valued at about $7,585,000. 10.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Benchmark dropped their price objective on 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $86.20.

Liberty Broadband Trading Down 0.3%

Shares of LBRDA traded down $0.28 on Thursday, reaching $97.00. 46,317 shares of the company's stock were exchanged, compared to its average volume of 161,440. The business has a 50 day moving average price of $84.60 and a two-hundred day moving average price of $82.34. Liberty Broadband Co. has a 12 month low of $49.68 and a 12 month high of $102.38. The stock has a market capitalization of $13.90 billion, a P/E ratio of 17.88 and a beta of 1.02. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last released its earnings results 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 return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $266.00 million for the quarter, compared to analyst estimates 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.