Victory Capital Management Inc. Increases Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDA)

Victory Capital Management Inc. lifted its position in Liberty Broadband Co. (NASDAQ:LBRDAGet Rating) by 0.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 291,856 shares of the company’s stock after purchasing an additional 1,674 shares during the quarter. Victory Capital Management Inc. owned about 0.19% of Liberty Broadband worth $21,772,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of LBRDA. Aristeia Capital LLC purchased a new position in Liberty Broadband during the second quarter worth about $75,175,000. FMR LLC raised its holdings in Liberty Broadband by 137.2% in the second quarter. FMR LLC now owns 815,933 shares of the company’s stock valued at $92,649,000 after acquiring an additional 471,916 shares in the last quarter. KBC Group NV raised its holdings in Liberty Broadband by 903.5% in the second quarter. KBC Group NV now owns 222,067 shares of the company’s stock valued at $25,216,000 after acquiring an additional 199,938 shares in the last quarter. Sycale Advisors NY LLC raised its holdings in Liberty Broadband by 186.7% in the second quarter. Sycale Advisors NY LLC now owns 191,881 shares of the company’s stock valued at $21,788,000 after acquiring an additional 124,945 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in Liberty Broadband by 218.1% in the second quarter. BNP Paribas Arbitrage SA now owns 85,395 shares of the company’s stock valued at $9,697,000 after acquiring an additional 58,551 shares in the last quarter. Hedge funds and other institutional investors own 12.60% of the company’s stock.

Analyst Upgrades and Downgrades

LBRDA has been the topic of several analyst reports. Evercore ISI reduced their target price on shares of Liberty Broadband to $126.00 in a report on Wednesday, December 14th. Benchmark cut their price objective on shares of Liberty Broadband from $201.00 to $156.00 in a report on Monday, December 12th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Liberty Broadband from $158.00 to $131.00 in a report on Wednesday, November 30th.

Liberty Broadband Stock Performance

NASDAQ:LBRDA opened at $90.38 on Wednesday. The firm’s fifty day moving average price is $83.29 and its 200 day moving average price is $91.77. Liberty Broadband Co. has a 1-year low of $68.15 and a 1-year high of $151.90. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.02 and a quick ratio of 2.02. The firm has a market cap of $13.40 billion, a price-to-earnings ratio of 10.27 and a beta of 1.15.

Liberty Broadband (NASDAQ:LBRDAGet Rating) last posted 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 firm had revenue of $248.00 million for the quarter. On average, sell-side analysts expect that Liberty Broadband Co. will post 15.46 EPS for the current year.

Insiders Place Their Bets

In other Liberty Broadband news, Director Richard R. Green sold 3,270 shares of the business’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $90.79, for a total transaction of $296,883.30. Following the sale, the director now directly owns 8,814 shares in the company, valued at approximately $800,223.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 17.62% of the company’s stock.

Liberty Broadband Profile

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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.

See Also

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

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