ExodusPoint Capital Management LP Grows Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDA)

ExodusPoint Capital Management LP boosted its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 3,662.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 22,500 shares of the company's stock after purchasing an additional 21,902 shares during the period. ExodusPoint Capital Management LP's holdings in Liberty Broadband were worth $1,673,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Wealthfront Advisers LLC acquired a new position in shares of Liberty Broadband during the 4th quarter worth about $35,441,000. Norges Bank acquired a new stake in Liberty Broadband during the 4th quarter worth $15,896,000. Virtu Financial LLC grew its holdings in shares of Liberty Broadband by 199.4% during the fourth quarter. Virtu Financial LLC now owns 107,135 shares of the company's stock worth $7,967,000 after buying an additional 71,354 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Liberty Broadband in the fourth quarter valued at about $4,390,000. Finally, Vanguard Group Inc. boosted its position in Liberty Broadband by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 1,462,794 shares of the company's stock worth $108,773,000 after acquiring an additional 49,547 shares during the last quarter. Hedge funds and other institutional investors own 10.29% of the company's stock.

Liberty Broadband Trading Up 1.6 %

LBRDA traded up $1.24 during mid-day trading on Monday, hitting $76.81. 12,886 shares of the stock were exchanged, compared to its average volume of 153,679. The company has a market cap of $11.01 billion, a PE ratio of 14.15 and a beta of 1.03. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The firm's fifty day moving average is $80.95 and its two-hundred day moving average is $80.86. Liberty Broadband Co. has a 1-year low of $47.17 and a 1-year high of $100.44.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.31. The firm had revenue of $263.00 million during the quarter, compared to analysts' expectations of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%.

Analyst Ratings Changes

Separately, Benchmark dropped their target price on Liberty Broadband from $130.00 to $115.00 and set a "buy" rating for the company in a report on Monday, March 31st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Liberty Broadband has an average rating of "Hold" and a consensus price target of $86.20.

Liberty Broadband Company 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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.