Arizona State Retirement System Sells 351 Shares of Liberty Broadband Co. (NASDAQ:LBRDA)

Arizona State Retirement System trimmed its stake in Liberty Broadband Co. (NASDAQ:LBRDAGet Rating) by 5.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,544 shares of the company’s stock after selling 351 shares during the period. Arizona State Retirement System’s holdings in Liberty Broadband were worth $858,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in LBRDA. UMB Bank N A MO acquired a new position in Liberty Broadband during the 4th quarter valued at about $545,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Liberty Broadband by 85.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,341 shares of the company’s stock valued at $438,000 after buying an additional 1,540 shares in the last quarter. Strs Ohio increased its position in Liberty Broadband by 1.9% during the 1st quarter. Strs Ohio now owns 11,504 shares of the company’s stock valued at $1,507,000 after buying an additional 210 shares in the last quarter. Blair William & Co. IL increased its position in Liberty Broadband by 105.6% during the 4th quarter. Blair William & Co. IL now owns 514 shares of the company’s stock valued at $83,000 after buying an additional 264 shares in the last quarter. Finally, KBC Group NV increased its position in Liberty Broadband by 2,071.5% during the 4th quarter. KBC Group NV now owns 27,513 shares of the company’s stock valued at $4,427,000 after buying an additional 26,246 shares in the last quarter. 11.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Benchmark reduced their target price on Liberty Broadband to $201.00 in a research report on Friday, May 20th. TheStreet lowered Liberty Broadband from a “b-” rating to a “c+” rating in a research report on Wednesday, May 11th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Liberty Broadband from $196.00 to $158.00 in a report on Tuesday, May 10th.

Liberty Broadband Stock Up 1.4 %

Shares of LBRDA stock opened at $108.71 on Wednesday. The stock’s 50-day simple moving average is $114.60 and its 200-day simple moving average is $126.31. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $17.69 billion, a PE ratio of 19.87 and a beta of 0.96. Liberty Broadband Co. has a fifty-two week low of $99.52 and a fifty-two week high of $188.76.

Liberty Broadband (NASDAQ:LBRDAGet Rating) last issued its earnings results on Friday, May 6th. The company reported $1.77 EPS for the quarter. Liberty Broadband had a return on equity of 9.79% and a net margin of 99.93%. The firm had revenue of $238.00 million for the quarter. Equities analysts expect that Liberty Broadband Co. will post 16.31 earnings per share for the current year.

Insider Transactions at Liberty Broadband

In related news, Director J David Wargo bought 300 shares of the stock in a transaction dated Tuesday, May 10th. The shares were purchased at an average price of $110.76 per share, for a total transaction of $33,228.00. Following the completion of the purchase, the director now directly owns 32,214 shares of the company’s stock, valued at $3,568,022.64. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 7.63% of the company’s stock.

About Liberty Broadband

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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:LBRDA)

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