Raymond James & Associates Has $543,000 Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDA)

Raymond James & Associates boosted its position in Liberty Broadband Co. (NASDAQ:LBRDA) by 4.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,739 shares of the company’s stock after purchasing an additional 301 shares during the period. Raymond James & Associates’ holdings in Liberty Broadband were worth $543,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Citigroup Inc. boosted its holdings in Liberty Broadband by 14.2% in the 3rd quarter. Citigroup Inc. now owns 1,348 shares of the company’s stock valued at $123,000 after purchasing an additional 168 shares during the period. Signaturefd LLC raised its stake in Liberty Broadband by 32.1% in the third quarter. Signaturefd LLC now owns 1,580 shares of the company’s stock valued at $144,000 after purchasing an additional 384 shares in the last quarter. Evergreen Capital Management LLC acquired a new position in Liberty Broadband in the third quarter valued at about $201,000. Rehmann Capital Advisory Group lifted its position in Liberty Broadband by 14.2% during the third quarter. Rehmann Capital Advisory Group now owns 3,687 shares of the company’s stock worth $335,000 after purchasing an additional 458 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in Liberty Broadband during the third quarter worth about $345,000. Institutional investors own 10.29% of the company’s stock.

Liberty Broadband Stock Performance

Shares of Liberty Broadband stock opened at $49.62 on Friday. The company has a 50 day moving average of $55.43 and a 200-day moving average of $71.25. The company has a market cap of $7.09 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 0.11 and a beta of 0.98. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.42. Liberty Broadband Co. has a 1-year low of $47.97 and a 1-year high of $95.61.

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

Insider Activity at Liberty Broadband

In other news, Director J David Wargo sold 9,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $56.80, for a total transaction of $511,200.00. Following the completion of the transaction, the director now directly owns 97,332 shares in the company, valued at $5,528,457.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 45,000 shares of company stock worth $2,435,830 in the last quarter. 19.65% of the stock is owned by insiders.

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.