Brown Advisory Inc. Has $663,000 Stock Position in Liberty Broadband Corporation (NASDAQ:LBRDA)

Brown Advisory Inc. lessened its stake in Liberty Broadband Corporation (NASDAQ:LBRDA) by 3.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,796 shares of the company’s stock after selling 260 shares during the quarter. Brown Advisory Inc.’s holdings in Liberty Broadband were worth $663,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LBRDA. JNE Partners LLP bought a new position in Liberty Broadband during the 4th quarter worth $47,230,000. Norges Bank bought a new position in shares of Liberty Broadband during the fourth quarter worth about $15,896,000. Aristeia Capital L.L.C. increased its holdings in Liberty Broadband by 9.1% in the fourth quarter. Aristeia Capital L.L.C. now owns 1,675,445 shares of the company’s stock worth $124,586,000 after purchasing an additional 139,186 shares in the last quarter. Toronto Dominion Bank bought a new stake in Liberty Broadband in the fourth quarter worth approximately $10,190,000. Finally, Pentwater Capital Management LP bought a new stake in Liberty Broadband in the fourth quarter worth approximately $7,585,000. Institutional investors and hedge funds own 10.29% of the company’s stock.

Liberty Broadband Stock Performance

Shares of LBRDA opened at $96.58 on Tuesday. The stock’s 50-day simple moving average is $94.59 and its 200 day simple moving average is $84.85. The stock has a market capitalization of $13.84 billion, a price-to-earnings ratio of 15.43 and a beta of 1.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.39. Liberty Broadband Corporation has a 52-week low of $54.21 and a 52-week high of $102.38.

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

Wall Street Analyst Weigh In

Separately, Benchmark decreased their price target on Liberty Broadband from $130.00 to $115.00 and set a “buy” rating for the company in a report on Monday, March 31st.

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.