Simplex Trading LLC Raises Holdings in Liberty Broadband Co. (NASDAQ:LBRDA)

Simplex Trading LLC lifted its stake in Liberty Broadband Co. (NASDAQ:LBRDA – Get Rating) by 290.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 390 shares of the company’s stock after acquiring an additional 290 shares during the period. Simplex Trading LLC’s holdings in Liberty Broadband were worth $29,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in LBRDA. Wipfli Financial Advisors LLC purchased a new stake in shares of Liberty Broadband in the third quarter worth about $28,000. Lindbrook Capital LLC boosted its stake in shares of Liberty Broadband by 24.1% in the fourth quarter. Lindbrook Capital LLC now owns 572 shares of the company’s stock worth $43,000 after acquiring an additional 111 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Liberty Broadband by 33.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 696 shares of the company’s stock worth $53,000 after acquiring an additional 176 shares during the last quarter. Prudential PLC acquired a new stake in shares of Liberty Broadband in the first quarter worth approximately $58,000. Finally, MetLife Investment Management LLC acquired a new stake in shares of Liberty Broadband in the first quarter worth approximately $61,000. 12.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Liberty Broadband from $131.00 to $120.00 in a research note on Friday, March 17th. Pivotal Research lifted their price objective on Liberty Broadband from $127.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, February 21st.

Liberty Broadband Price Performance

LBRDA stock opened at $76.51 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $11.19 billion, a PE ratio of 11.51 and a beta of 1.14. Liberty Broadband Co. has a 12-month low of $68.15 and a 12-month high of $123.74. The business’s fifty day moving average price is $79.37 and its 200 day moving average price is $83.55.

Liberty Broadband (NASDAQ:LBRDA – Get Rating) last released its earnings results on Tuesday, May 2nd. The company reported $0.47 EPS for the quarter. Liberty Broadband had a return on equity of 11.84% and a net margin of 104.48%. The firm had revenue of $246.00 million during the quarter.

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.