Renaissance Technologies LLC Purchases 54,400 Shares of Liberty Broadband Co. (NASDAQ:LBRDA)

Renaissance Technologies LLC lifted its position in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 122.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,700 shares of the company's stock after buying an additional 54,400 shares during the period. Renaissance Technologies LLC owned about 0.07% of Liberty Broadband worth $7,339,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC raised its stake 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 purchasing an additional 330 shares in the last quarter. Franklin Resources Inc. bought a new position in Liberty Broadband in the 3rd quarter valued at about $30,000. AlphaQuest LLC raised its holdings in shares of Liberty Broadband by 4,115.0% during the 4th quarter. AlphaQuest LLC now owns 843 shares of the company's stock worth $63,000 after buying an additional 823 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in 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 during the last quarter. Finally, Pictet Asset Management Holding SA bought a new stake in shares of Liberty Broadband during the fourth quarter worth $221,000. Institutional investors and hedge funds own 10.29% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark cut their price target on Liberty Broadband from $130.00 to $115.00 and set a "buy" rating on the stock in a research note 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.com, Liberty Broadband has an average rating of "Hold" and an average target price of $86.20.

Liberty Broadband Stock Down 0.4 %

NASDAQ:LBRDA traded down $0.35 during trading hours on Thursday, hitting $77.04. 31,078 shares of the company traded hands, compared to its average volume of 152,923. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The company has a market cap of $11.04 billion, a PE ratio of 14.15 and a beta of 1.03. Liberty Broadband Co. has a one year low of $47.17 and a one year high of $100.44. The firm's 50-day simple moving average is $80.69 and its 200-day simple moving average is $80.75.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.31. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $263.00 million for the quarter, compared to analysts' expectations of $252.50 million.

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.