Liberty Broadband Co. (NASDAQ:LBRDA) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC cut its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 61.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,439 shares of the company's stock after selling 5,439 shares during the quarter. Tower Research Capital LLC TRC's holdings in Liberty Broadband were worth $256,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. PAX Financial Group LLC grew its stake in Liberty Broadband by 1.1% in the fourth quarter. PAX Financial Group LLC now owns 13,799 shares of the company's stock worth $1,026,000 after purchasing an additional 144 shares in the last quarter. M&T Bank Corp lifted its stake in shares of Liberty Broadband by 3.6% during the fourth quarter. M&T Bank Corp now owns 4,562 shares of the company's stock worth $339,000 after buying an additional 158 shares during the period. Gamco Investors INC. ET AL grew its holdings in shares of Liberty Broadband by 0.5% during the fourth quarter. Gamco Investors INC. ET AL now owns 43,407 shares of the company's stock valued at $3,228,000 after buying an additional 232 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Liberty Broadband by 48.2% during the fourth quarter. Sterling Capital Management LLC now owns 815 shares of the company's stock worth $61,000 after purchasing an additional 265 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Liberty Broadband by 1.9% during the fourth quarter. JPMorgan Chase & Co. now owns 14,857 shares of the company's stock worth $1,105,000 after purchasing an additional 279 shares during the last quarter. 10.29% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Trading Up 2.1 %

NASDAQ:LBRDA traded up $1.89 during trading hours on Tuesday, reaching $92.29. 175,917 shares of the stock were exchanged, compared to its average volume of 154,757. Liberty Broadband Co. has a twelve month low of $49.68 and a twelve month high of $100.44. 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 business has a 50-day moving average of $81.64 and a two-hundred day moving average of $81.19. The company has a market capitalization of $13.22 billion, a price-to-earnings ratio of 17.00 and a beta of 1.02.

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 the consensus estimate of $1.73 by $0.31. The company had revenue of $263.00 million during the quarter, compared to the consensus estimate of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%.

Wall Street Analysts Forecast Growth

Separately, Benchmark lowered their target price on Liberty Broadband from $130.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $86.20.

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.