Cqs Us LLC lessened its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK – Free Report) by 3.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 305,922 shares of the company’s stock after selling 9,636 shares during the period. Liberty Broadband accounts for about 3.1% of Cqs Us LLC’s portfolio, making the stock its 13th biggest position. Cqs Us LLC owned about 0.21% of Liberty Broadband worth $24,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Liberty Broadband by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 12,706,439 shares of the company’s stock valued at $1,719,435,000 after purchasing an additional 48,029 shares during the last quarter. Aristeia Capital LLC increased its stake in shares of Liberty Broadband by 8.9% in the 4th quarter. Aristeia Capital LLC now owns 6,550,306 shares of the company’s stock valued at $499,592,000 after purchasing an additional 533,832 shares during the last quarter. UBS Group AG increased its stake in shares of Liberty Broadband by 73.6% in the 1st quarter. UBS Group AG now owns 4,724,260 shares of the company’s stock valued at $385,972,000 after purchasing an additional 2,002,184 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Liberty Broadband by 14.1% in the 4th quarter. JPMorgan Chase & Co. now owns 3,757,711 shares of the company’s stock valued at $286,601,000 after purchasing an additional 464,072 shares during the last quarter. Finally, FPR Partners LLC increased its stake in shares of Liberty Broadband by 4.9% in the 4th quarter. FPR Partners LLC now owns 2,691,873 shares of the company’s stock valued at $205,309,000 after purchasing an additional 125,000 shares during the last quarter. Institutional investors own 77.27% of the company’s stock.
Analyst Upgrades and Downgrades
LBRDK has been the topic of several recent research reports. StockNews.com initiated coverage on Liberty Broadband in a report on Thursday, August 17th. They set a “sell” rating on the stock. Morgan Stanley raised their price objective on Liberty Broadband from $100.00 to $110.00 and gave the company an “equal weight” rating in a report on Monday, July 24th. Finally, Pivotal Research cut their price objective on Liberty Broadband from $138.00 to $129.00 in a report on Monday, August 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Liberty Broadband currently has a consensus rating of “Hold” and a consensus target price of $129.20.
Liberty Broadband Trading Down 2.4 %
LBRDK traded down $2.29 during midday trading on Monday, hitting $91.27. 750,400 shares of the company were exchanged, compared to its average volume of 800,057. The firm has a market capitalization of $13.34 billion, a P/E ratio of 16.62 and a beta of 1.13. Liberty Broadband Co. has a 1-year low of $68.67 and a 1-year high of $103.60. The firm’s 50 day moving average price is $87.05 and its 200-day moving average price is $82.08. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.43.
Liberty Broadband (NASDAQ:LBRDK – Get Free Report) last announced its earnings results on Friday, August 4th. The company reported $1.71 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.69). The company had revenue of $245.00 million for the quarter, compared to analyst estimates of $237.90 million. Liberty Broadband had a return on equity of 9.44% and a net margin of 82.31%. As a group, equities analysts forecast that Liberty Broadband Co. will post 7.72 EPS for the current fiscal year.
Insiders Place Their Bets
In other Liberty Broadband news, CEO Gregory B. Maffei sold 1,135 shares of Liberty Broadband stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $92.02, for a total transaction of $104,442.70. Following the transaction, the chief executive officer now directly owns 1,119,131 shares of the company’s stock, valued at approximately $102,982,434.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 10.80% of the company’s stock.
Liberty Broadband Profile
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.
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