D.A. Davidson & CO. Has $446,000 Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

D.A. Davidson & CO. boosted its position in shares of Liberty Broadband Co. (NASDAQ:LBRDKGet Rating) by 145.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,299 shares of the company’s stock after acquiring an additional 1,956 shares during the period. D.A. Davidson & CO.’s holdings in Liberty Broadband were worth $446,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Godsey & Gibb Associates bought a new position in shares of Liberty Broadband during the 4th quarter worth about $29,000. Prospera Financial Services Inc bought a new position in shares of Liberty Broadband during the 1st quarter worth about $26,000. Covestor Ltd bought a new position in shares of Liberty Broadband during the 4th quarter worth about $32,000. Confluence Wealth Services Inc. bought a new position in shares of Liberty Broadband during the 4th quarter worth about $36,000. Finally, Quent Capital LLC bought a new position in shares of Liberty Broadband during the 4th quarter worth about $74,000. Institutional investors and hedge funds own 75.65% of the company’s stock.

Analysts Set New Price Targets

LBRDK has been the topic of several research reports. StockNews.com upgraded shares of Liberty Broadband from a “sell” rating to a “hold” rating in a report on Wednesday, May 18th. Morgan Stanley dropped their price objective on shares of Liberty Broadband from $139.00 to $122.00 and set an “equal weight” rating on the stock in a report on Friday, August 19th. TD Securities lowered their target price on shares of Liberty Broadband from $200.00 to $185.00 in a research note on Wednesday, June 29th. TheStreet cut shares of Liberty Broadband from a “b-” rating to a “c+” rating in a research note on Monday, May 16th. Finally, Pivotal Research lowered their target price on shares of Liberty Broadband to $160.00 and set a “na” rating on the stock in a research note on Tuesday, May 17th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $172.25.

Liberty Broadband Price Performance

Shares of Liberty Broadband stock opened at $96.49 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $14.84 billion, a price-to-earnings ratio of 12.00 and a beta of 0.92. Liberty Broadband Co. has a 1-year low of $96.38 and a 1-year high of $190.33. The firm’s 50-day moving average price is $114.81 and its two-hundred day moving average price is $124.65.

Liberty Broadband (NASDAQ:LBRDKGet Rating) last announced its earnings results on Friday, August 5th. The company reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $1.09. Liberty Broadband had a net margin of 142.14% and a return on equity of 13.94%. The company had revenue of $239.00 million for the quarter, compared to analyst estimates of $240.38 million. On average, equities analysts predict that Liberty Broadband Co. will post 8 earnings per share for the current fiscal year.

Liberty Broadband Profile

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Liberty Broadband Corporation engages in the communications businesses. It operates through GCI Holdings and Charter segments. The GCI Holdings segment provides a range of wireless, data, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions primarily in Alaska under the GCI brand.

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Institutional Ownership by Quarter for Liberty Broadband (NASDAQ:LBRDK)

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