Liberty Broadband Co. (NASDAQ:LBRDA) Shares Bought by Northern Trust Corp

Northern Trust Corp grew its holdings in Liberty Broadband Co. (NASDAQ:LBRDA) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,658 shares of the company’s stock after purchasing an additional 4,326 shares during the period. Northern Trust Corp owned approximately 0.06% of Liberty Broadband worth $6,518,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LBRDA. Farther Finance Advisors LLC increased its position in Liberty Broadband by 891.9% during the fourth quarter. Farther Finance Advisors LLC now owns 367 shares of the company’s stock worth $27,000 after buying an additional 330 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Liberty Broadband by 48.2% during the fourth quarter. Sterling Capital Management LLC now owns 815 shares of the company’s stock worth $61,000 after purchasing an additional 265 shares during the period. AlphaQuest LLC raised its stake in shares of Liberty Broadband by 4,115.0% in the fourth quarter. AlphaQuest LLC now owns 843 shares of the company’s stock valued at $63,000 after acquiring an additional 823 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of Liberty Broadband by 79.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,471 shares of the company’s stock valued at $187,000 after acquiring an additional 1,096 shares during the last quarter. Finally, Ossiam acquired a new stake in shares of Liberty Broadband in the fourth quarter valued at approximately $207,000. Hedge funds and other institutional investors own 10.29% of the company’s stock.

Liberty Broadband Trading Down 2.1%

Shares of NASDAQ LBRDA opened at $98.09 on Tuesday. The company’s fifty day moving average is $83.88 and its 200-day moving average is $82.12. The stock has a market cap of $14.06 billion, a price-to-earnings ratio of 18.06 and a beta of 1.02. Liberty Broadband Co. has a twelve month low of $49.68 and a twelve month high of $102.38. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40.

Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.20 by $0.67. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $266.00 million for the quarter, compared to analysts’ expectations of $248.60 million.

Wall Street Analysts Forecast Growth

Separately, Benchmark lowered their price target on shares of Liberty Broadband from $130.00 to $115.00 and set a “buy” rating for the company in a report on Monday, March 31st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $86.20.

Liberty Broadband 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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.