Alpha Paradigm Partners LLC Reduces Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Alpha Paradigm Partners LLC trimmed its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK – Get Rating) by 25.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,205 shares of the company’s stock after selling 1,437 shares during the quarter. Alpha Paradigm Partners LLC’s holdings in Liberty Broadband were worth $310,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in LBRDK. American Century Companies Inc. grew its holdings in Liberty Broadband by 10.7% in the 1st quarter. American Century Companies Inc. now owns 10,278 shares of the company’s stock valued at $1,391,000 after buying an additional 995 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in Liberty Broadband in the 1st quarter valued at $382,000. Rhumbline Advisers grew its holdings in Liberty Broadband by 1.5% in the 1st quarter. Rhumbline Advisers now owns 121,693 shares of the company’s stock valued at $16,467,000 after buying an additional 1,842 shares in the last quarter. Aviva PLC grew its holdings in Liberty Broadband by 59.4% in the 1st quarter. Aviva PLC now owns 83,019 shares of the company’s stock valued at $11,234,000 after buying an additional 30,923 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Liberty Broadband by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 12,706,439 shares of the company’s stock worth $1,719,435,000 after purchasing an additional 48,029 shares during the period. 76.81% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Stock Performance

Shares of LBRDK stock opened at $77.62 on Wednesday. The stock has a fifty day moving average price of $88.47 and a 200 day moving average price of $85.53. The stock has a market cap of $11.36 billion, a PE ratio of 9.76 and a beta of 1.14. Liberty Broadband Co. has a 1 year low of $68.67 and a 1 year high of $142.55. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.39 and a current ratio of 0.39.

Liberty Broadband (NASDAQ:LBRDK – Get Rating) last issued its quarterly earnings data on Friday, February 17th. The company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.54). The firm had revenue of $250.00 million for the quarter, compared to analyst estimates of $234.74 million. Liberty Broadband had a return on equity of 14.08% and a net margin of 128.92%. Sell-side analysts forecast that Liberty Broadband Co. will post 7.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LBRDK has been the subject of a number of research analyst reports. Citigroup increased their price target on Liberty Broadband from $111.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, March 3rd. StockNews.com cut Liberty Broadband from a “hold” rating to a “sell” rating in a report on Friday, November 18th. Rosenblatt Securities decreased their target price on Liberty Broadband from $133.00 to $132.00 and set a “buy” rating on the stock in a research note on Friday, February 24th. Finally, TD Securities decreased their target price on Liberty Broadband from $175.00 to $160.00 and set a “buy” rating on the stock in a research note on Tuesday, February 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Liberty Broadband has an average rating of “Hold” and an average price target of $132.00.

Liberty Broadband Company 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.