Steward Partners Investment Advisory LLC Buys 530 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Steward Partners Investment Advisory LLC raised its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDKGet Rating) by 112.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,000 shares of the company’s stock after acquiring an additional 530 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Liberty Broadband were worth $135,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Godsey & Gibb Associates bought a new stake in shares of Liberty Broadband during the 4th quarter worth $29,000. Covestor Ltd bought a new stake in shares of Liberty Broadband during the 4th quarter worth $32,000. Confluence Wealth Services Inc. bought a new stake in shares of Liberty Broadband during the 4th quarter worth $36,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Liberty Broadband by 480.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 296 shares of the company’s stock worth $47,000 after purchasing an additional 245 shares during the period. Finally, Quent Capital LLC bought a new stake in shares of Liberty Broadband during the 4th quarter worth $74,000. 78.38% of the stock is currently owned by institutional investors.

Liberty Broadband Stock Performance

Shares of LBRDK opened at $108.23 on Tuesday. The stock has a 50-day moving average price of $117.48 and a 200-day moving average price of $129.86. The company has a market cap of $17.62 billion, a PE ratio of 19.79 and a beta of 0.92. Liberty Broadband Co. has a 12-month low of $102.14 and a 12-month high of $194.05. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.42.

Liberty Broadband (NASDAQ:LBRDKGet Rating) last released its earnings results on Friday, May 6th. The company reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.04. The company had revenue of $238.00 million during the quarter, compared to the consensus estimate of $244.27 million. Liberty Broadband had a return on equity of 9.79% and a net margin of 99.93%. During the same quarter in the previous year, the company posted $0.83 EPS. As a group, equities analysts forecast that Liberty Broadband Co. will post 7.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director J David Wargo acquired 300 shares of the stock in a transaction on Tuesday, May 10th. The stock was purchased at an average price of $110.76 per share, for a total transaction of $33,228.00. Following the completion of the transaction, the director now owns 32,214 shares of the company’s stock, valued at approximately $3,568,022.64. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 10.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. TD Securities decreased their price objective on Liberty Broadband from $200.00 to $185.00 in a report on Wednesday, June 29th. Morgan Stanley lifted their price objective on Liberty Broadband from $124.00 to $139.00 and gave the stock an “equal weight” rating in a report on Thursday, June 2nd. Pivotal Research decreased their price objective on Liberty Broadband to $160.00 and set a “na” rating for the company in a report on Tuesday, May 17th. Rosenblatt Securities initiated coverage on Liberty Broadband in a report on Tuesday, April 19th. They set a “buy” rating and a $222.00 target price for the company. Finally, StockNews.com raised Liberty Broadband from a “sell” rating to a “hold” rating in a report on Wednesday, May 18th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $176.50.

Liberty Broadband Profile

(Get Rating)

Liberty Broadband Corporation engages in the communications businesses. It operates through GCI Holdings and Charter segments. The GCI Holdings segment provides a range of wireless, data, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions primarily in Alaska under the GCI brand.

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Institutional Ownership by Quarter for Liberty Broadband (NASDAQ:LBRDK)

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