Vanguard Personalized Indexing Management LLC decreased its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA – Free Report) by 9.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,966 shares of the company’s stock after selling 300 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Liberty Broadband were worth $244,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of LBRDA. Fort Baker Capital Management LP bought a new stake in shares of Liberty Broadband during the 4th quarter worth about $26,815,000. Norges Bank bought a new stake in Liberty Broadband in the 4th quarter valued at about $17,150,000. Gavilan Investment Partners LLC bought a new stake in Liberty Broadband in the 4th quarter valued at about $7,059,000. Sycale Advisors NY LLC boosted its holdings in Liberty Broadband by 442.3% in the 1st quarter. Sycale Advisors NY LLC now owns 92,755 shares of the company’s stock valued at $7,617,000 after purchasing an additional 75,652 shares during the period. Finally, Royal London Asset Management Ltd. boosted its holdings in Liberty Broadband by 588.6% in the 1st quarter. Royal London Asset Management Ltd. now owns 66,514 shares of the company’s stock valued at $8,957,000 after purchasing an additional 56,854 shares during the period. Institutional investors own 10.14% of the company’s stock.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Liberty Broadband from $120.00 to $110.00 in a report on Thursday, May 25th.
Liberty Broadband Stock Performance
Shares of Liberty Broadband stock opened at $91.22 on Friday. The company has a 50 day moving average of $86.97 and a 200-day moving average of $82.13. Liberty Broadband Co. has a 1-year low of $68.15 and a 1-year high of $102.47. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.43. The company has a market cap of $13.34 billion, a PE ratio of 16.62 and a beta of 1.17.
Liberty Broadband (NASDAQ:LBRDA – Get Free Report) last issued its quarterly earnings results on Friday, August 4th. The company reported $1.71 earnings per share for the quarter. Liberty Broadband had a net margin of 82.31% and a return on equity of 9.44%. The company had revenue of $245.00 million during the quarter, compared to the consensus estimate of $240.38 million.
Insider Transactions at Liberty Broadband
In related news, CEO Gregory B. Maffei sold 1,135 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $92.02, for a total value of $104,442.70. Following the completion of the transaction, the chief executive officer now owns 1,119,131 shares of the company’s stock, valued at approximately $102,982,434.62. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 19.65% of the stock is currently owned by insiders.
Liberty Broadband Company Profile
Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.
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