Wipfli Financial Advisors LLC acquired a new stake in Liberty Broadband Co. (NASDAQ:LBRDA – Get Rating) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 376 shares of the company’s stock, valued at approximately $28,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Liberty Broadband by 47.7% during the 1st quarter. JPMorgan Chase & Co. now owns 5,557 shares of the company’s stock worth $729,000 after buying an additional 1,795 shares during the period. US Bancorp DE lifted its holdings in shares of Liberty Broadband by 48.9% during the first quarter. US Bancorp DE now owns 5,843 shares of the company’s stock valued at $767,000 after acquiring an additional 1,920 shares during the period. Citigroup Inc. boosted its stake in shares of Liberty Broadband by 20.4% in the 1st quarter. Citigroup Inc. now owns 10,177 shares of the company’s stock valued at $1,334,000 after purchasing an additional 1,723 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Liberty Broadband by 62.6% in the 1st quarter. Bank of Montreal Can now owns 40,988 shares of the company’s stock worth $5,595,000 after purchasing an additional 15,782 shares during the last quarter. Finally, MetLife Investment Management LLC acquired a new stake in shares of Liberty Broadband during the 1st quarter worth about $61,000. 12.60% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently commented on LBRDA. Evercore ISI decreased their price target on Liberty Broadband to $126.00 in a research report on Wednesday, December 14th. Benchmark lowered their target price on Liberty Broadband from $201.00 to $156.00 in a research note on Monday, December 12th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Liberty Broadband from $158.00 to $131.00 in a research report on Wednesday, November 30th.
Liberty Broadband Trading Up 4.4 %
Liberty Broadband (NASDAQ:LBRDA – Get Rating) last released its quarterly earnings data on Friday, November 4th. The company reported $2.05 earnings per share for the quarter. Liberty Broadband had a net margin of 150.48% and a return on equity of 15.70%. The business had revenue of $248.00 million for the quarter. Research analysts forecast that Liberty Broadband Co. will post 15.46 EPS for the current year.
Insiders Place Their Bets
In related news, Director Richard R. Green sold 3,270 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $90.79, for a total transaction of $296,883.30. Following the completion of the sale, the director now directly owns 8,814 shares of the company’s stock, valued at approximately $800,223.06. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 17.62% of the company’s stock.
About Liberty Broadband
Liberty Broadband Corp. operates as a holding company, which engages in the cable, broadband and mobile location technology businesses. It operates through its subsidiaries, Charter Communications, Inc and TruePosition, Inc The company was founded on March 28, 1991, and is headquartered in Englewood, CO.
- Get a free copy of the StockNews.com research report on Liberty Broadband (LBRDA)
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