Teacher Retirement System of Texas Purchases Shares of 4,418 Liberty Broadband Corporation (NASDAQ:LBRDA)

Teacher Retirement System of Texas bought a new position in Liberty Broadband Corporation (NASDAQ:LBRDA) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,418 shares of the company’s stock, valued at approximately $376,000.

Several other large investors have also recently made changes to their positions in LBRDA. Aristeia Capital L.L.C. boosted its position in shares of Liberty Broadband by 9.1% during the fourth quarter. Aristeia Capital L.L.C. now owns 1,675,445 shares of the company’s stock valued at $124,586,000 after buying an additional 139,186 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Liberty Broadband by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 1,462,794 shares of the company’s stock valued at $108,773,000 after purchasing an additional 49,547 shares during the period. JNE Partners LLP purchased a new stake in shares of Liberty Broadband in the fourth quarter valued at approximately $47,230,000. Long Focus Capital Management LLC boosted its holdings in shares of Liberty Broadband by 3.8% in the fourth quarter. Long Focus Capital Management LLC now owns 321,800 shares of the company’s stock valued at $23,929,000 after purchasing an additional 11,700 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Liberty Broadband by 12.2% during the fourth quarter. Geode Capital Management LLC now owns 249,612 shares of the company’s stock worth $18,575,000 after buying an additional 27,059 shares during the period. 10.29% of the stock is owned by institutional investors.

Liberty Broadband Price Performance

NASDAQ:LBRDA opened at $87.58 on Friday. Liberty Broadband Corporation has a one year low of $54.21 and a one year high of $102.38. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market cap of $12.55 billion, a price-to-earnings ratio of 13.99 and a beta of 1.00. The firm’s fifty day moving average is $94.28 and its two-hundred day moving average is $84.97.

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. The business had revenue of $266.00 million for 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 Analysts Forecast Growth

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

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.