Ergoteles LLC Takes $218,000 Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Ergoteles LLC purchased a new stake in Liberty Broadband Co. (NASDAQ:LBRDK – Get Rating) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,952 shares of the company’s stock, valued at approximately $218,000.

Several other large investors have also bought and sold shares of LBRDK. Koshinski Asset Management Inc. purchased a new stake in shares of Liberty Broadband during the third quarter valued at approximately $347,000. Private Trust Co. NA bought a new stake in shares of Liberty Broadband during the 2nd quarter worth $40,000. Wipfli Financial Advisors LLC bought a new position in Liberty Broadband during the third quarter valued at about $45,000. Alta Advisers Ltd bought a new position in Liberty Broadband during the third quarter valued at about $52,000. Finally, Covestor Ltd boosted its stake in Liberty Broadband by 301.5% in the first quarter. Covestor Ltd now owns 783 shares of the company’s stock valued at $106,000 after acquiring an additional 588 shares during the last quarter. 76.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LBRDK. Rosenblatt Securities decreased their price target on shares of Liberty Broadband from $133.00 to $132.00 and set a “buy” rating for the company in a research note on Friday, February 24th. Citigroup boosted their target price on Liberty Broadband from $111.00 to $115.00 and gave the company a “buy” rating in a research note on Friday. TD Securities cut their price target on Liberty Broadband from $175.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, February 21st. StockNews.com cut Liberty Broadband from a “hold” rating to a “sell” rating in a research note on Friday, November 18th. Finally, Morgan Stanley increased their target price on shares of Liberty Broadband from $89.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Monday, November 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $132.00.

Liberty Broadband Stock Down 0.4 %

LBRDK stock opened at $86.78 on Tuesday. The stock has a 50-day simple moving average of $87.99 and a two-hundred day simple moving average of $86.77. Liberty Broadband Co. has a twelve month low of $68.67 and a twelve month high of $142.55. The firm has a market capitalization of $12.70 billion, a PE ratio of 10.92 and a beta of 1.14. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.30.

Liberty Broadband (NASDAQ:LBRDK – Get Rating) last issued its quarterly earnings data on Friday, February 17th. The company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.80 by ($0.54). Liberty Broadband had a net margin of 128.92% and a return on equity of 14.08%. The firm had revenue of $250.00 million for the quarter, compared to analysts’ expectations of $234.74 million. On average, equities analysts predict that Liberty Broadband Co. will post 8.85 EPS for the current fiscal year.

About Liberty Broadband

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Liberty Broadband Corp. operates as a holding company, which engages in the cable, broadband and mobile location technology businesses. It operates through its subsidiaries, Charter Communications, Inc and TruePosition, Inc The company was founded on March 28, 1991, and is headquartered in Englewood, CO.