Strs Ohio Increases Stake in Liberty Broadband Co. (NASDAQ:LBRDA)

Strs Ohio lifted its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDA) by 14.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 20,292 shares of the company’s stock after buying an additional 2,605 shares during the quarter. Strs Ohio’s holdings in Liberty Broadband were worth $1,636,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in Liberty Broadband by 47.7% in the 1st quarter. JPMorgan Chase & Co. now owns 5,557 shares of the company’s stock worth $729,000 after purchasing an additional 1,795 shares in the last quarter. US Bancorp DE increased its holdings in shares of Liberty Broadband by 48.9% in the 1st quarter. US Bancorp DE now owns 5,843 shares of the company’s stock worth $767,000 after purchasing an additional 1,920 shares in the last quarter. Citigroup Inc. lifted its position in Liberty Broadband by 20.4% during the first 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 during the period. Bank of Montreal Can boosted its holdings in Liberty Broadband by 62.6% in the first 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 bought a new position in shares of Liberty Broadband during the 1st quarter valued at $61,000. 10.29% of the stock is owned by institutional investors.

Liberty Broadband Stock Up 2.0 %

LBRDA stock opened at $50.10 on Monday. The company has a market cap of $7.16 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 0.11 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.42 and a current ratio of 2.42. The business’s 50-day moving average is $56.27 and its two-hundred day moving average is $72.10. Liberty Broadband Co. has a fifty-two week low of $47.97 and a fifty-two week high of $95.61.

Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly earnings data on Friday, February 16th. The company reported $1.39 earnings per share (EPS) for the quarter. The company had revenue of $250.00 million for the quarter, compared to the consensus estimate of $250.00 million. Liberty Broadband had a net margin of 70.13% and a return on equity of 7.76%. As a group, analysts forecast that Liberty Broadband Co. will post 12.03 earnings per share for the current year.

Insider Buying and Selling at Liberty Broadband

In other news, Director J David Wargo sold 9,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $56.80, for a total value of $511,200.00. Following the completion of the sale, the director now owns 97,332 shares in the company, valued at approximately $5,528,457.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 45,000 shares of company stock worth $2,435,830. Insiders own 19.65% of the company’s stock.

About Liberty Broadband

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.