Liberty Broadband Co. (NASDAQ:LBRDA) Stock Holdings Lifted by Private Management Group Inc.

Private Management Group Inc. raised its position in shares of Liberty Broadband Co. (NASDAQ:LBRDA) by 29.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 388,923 shares of the company’s stock after purchasing an additional 89,317 shares during the period. Private Management Group Inc.’s holdings in Liberty Broadband were worth $21,235,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in LBRDA. Headlands Technologies LLC acquired a new position in Liberty Broadband in the first quarter worth approximately $49,000. Principal Securities Inc. bought a new stake in Liberty Broadband in the fourth quarter worth approximately $51,000. Spire Wealth Management increased its stake in shares of Liberty Broadband by 9,080.0% during the 1st quarter. Spire Wealth Management now owns 918 shares of the company’s stock worth $52,000 after purchasing an additional 908 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Liberty Broadband during the 1st quarter valued at $72,000. Finally, CWM LLC raised its holdings in shares of Liberty Broadband by 112.6% during the 2nd quarter. CWM LLC now owns 1,352 shares of the company’s stock valued at $74,000 after purchasing an additional 716 shares in the last quarter. 10.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on LBRDA shares. Citigroup cut shares of Liberty Broadband from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $67.00 to $57.00 in a report on Wednesday, July 3rd. Evercore ISI decreased their price target on Liberty Broadband from $106.00 to $72.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Liberty Broadband from $104.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 16th.

Liberty Broadband Price Performance

NASDAQ LBRDA opened at $59.49 on Monday. The company has a market cap of $8.50 billion, a P/E ratio of 10.10 and a beta of 1.04. Liberty Broadband Co. has a 1 year low of $47.17 and a 1 year high of $95.08. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.39. The company has a fifty day simple moving average of $59.49 and a 200 day simple moving average of $55.65.

Liberty Broadband (NASDAQ:LBRDA) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.12 by ($1.76). The firm had revenue of $246.00 million for the quarter. Liberty Broadband had a net margin of 81.86% and a return on equity of 8.79%. During the same period last year, the business earned $1.71 EPS.

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.