Raymond James Financial Inc. Purchases Shares of 4,114 Liberty Broadband Co. (NASDAQ:LBRDA)

Raymond James Financial Inc. bought a new position in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,114 shares of the company's stock, valued at approximately $306,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its holdings in shares of Liberty Broadband by 891.9% in the fourth quarter. Farther Finance Advisors LLC now owns 367 shares of the company's stock valued at $27,000 after acquiring an additional 330 shares in the last quarter. AlphaQuest LLC increased its position in Liberty Broadband by 4,115.0% during 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 period. CIBC Private Wealth Group LLC raised its holdings in shares of Liberty Broadband by 79.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,471 shares of the company's stock valued at $187,000 after purchasing an additional 1,096 shares in the last quarter. Pictet Asset Management Holding SA purchased a new stake in shares of Liberty Broadband in the 4th quarter worth approximately $221,000. Finally, American Century Companies Inc. lifted its position in shares of Liberty Broadband by 10.7% in the 4th quarter. American Century Companies Inc. now owns 3,053 shares of the company's stock worth $227,000 after purchasing an additional 296 shares during the period. 10.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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 report on Monday, March 31st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Liberty Broadband has an average rating of "Hold" and a consensus price target of $86.20.

Liberty Broadband Stock Up 2.1%

LBRDA stock traded up $2.03 during trading on Thursday, reaching $97.20. 38,515 shares of the company traded hands, compared to its average volume of 154,713. The business has a 50 day simple moving average of $82.90 and a 200 day simple moving average of $81.80. Liberty Broadband Co. has a 12 month low of $49.68 and a 12 month 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 company has a market capitalization of $13.93 billion, a price-to-earnings ratio of 17.88 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, beating analysts' consensus estimates of $1.20 by $0.67. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $266.00 million for 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.