Rhumbline Advisers Buys 290 Shares of Liberty Broadband Corporation (NASDAQ:LBRDA)

Rhumbline Advisers grew its position in Liberty Broadband Corporation (NASDAQ:LBRDA) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,081 shares of the company’s stock after acquiring an additional 290 shares during the quarter. Rhumbline Advisers’ holdings in Liberty Broadband were worth $1,792,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in Liberty Broadband by 891.9% in the 4th quarter. Farther Finance Advisors LLC now owns 367 shares of the company’s stock worth $27,000 after acquiring an additional 330 shares in the last quarter. Sterling Capital Management LLC raised its holdings in Liberty Broadband by 48.2% in 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 in the last quarter. AlphaQuest LLC lifted its position in Liberty Broadband by 4,115.0% during 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. Lazard Asset Management LLC boosted its position in shares of Liberty Broadband by 8,480.0% in the 4th quarter. Lazard Asset Management LLC now owns 2,145 shares of the company’s stock worth $159,000 after purchasing an additional 2,120 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Liberty Broadband by 79.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,471 shares of the company’s stock worth $187,000 after acquiring an additional 1,096 shares during the last quarter. Institutional investors own 10.29% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Liberty Broadband Stock Performance

Shares of LBRDA stock opened at $88.25 on Wednesday. Liberty Broadband Corporation has a 52-week low of $49.71 and a 52-week high of $102.38. The stock has a market cap of $12.65 billion, a PE ratio of 14.10 and a beta of 0.99. The business has a 50-day simple moving average of $88.88 and a 200-day simple moving average of $82.74. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.35.

Liberty Broadband (NASDAQ:LBRDA) last posted its earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.67. Liberty Broadband had a net margin of 86.40% and a return on equity of 9.24%. The business had revenue of $266.00 million for the quarter, compared to analyst estimates of $248.60 million.

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. 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.