Headlands Technologies LLC Purchases Shares of 5,410 Liberty Broadband Co. (NASDAQ:LBRDA)

Headlands Technologies LLC bought a new stake in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,410 shares of the company's stock, valued at approximately $402,000.

Other large investors have also recently made changes to their positions in the company. Glenmede Trust Co. NA grew its position in Liberty Broadband by 116.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 990 shares of the company's stock worth $76,000 after purchasing an additional 533 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Liberty Broadband by 150.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,181 shares of the company's stock worth $321,000 after buying an additional 2,511 shares during the last quarter. Captrust Financial Advisors raised its stake in Liberty Broadband by 58.4% during the 3rd quarter. Captrust Financial Advisors now owns 14,515 shares of the company's stock valued at $1,115,000 after acquiring an additional 5,353 shares during the last quarter. Paloma Partners Management Co acquired a new stake in Liberty Broadband during the 3rd quarter worth approximately $54,000. Finally, Quantinno Capital Management LP purchased a new position in shares of Liberty Broadband in the 3rd quarter valued at approximately $260,000. 10.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Liberty Broadband Stock Performance

NASDAQ LBRDA traded up $6.19 on Wednesday, hitting $78.47. 444,665 shares of the company's stock were exchanged, compared to its average volume of 154,364. The firm has a market cap of $11.24 billion, a price-to-earnings ratio of 14.45 and a beta of 1.03. The firm's 50-day moving average price is $80.94 and its two-hundred day moving average price is $80.82. Liberty Broadband Co. has a fifty-two week low of $47.17 and a fifty-two week high of $100.44. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07.

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, topping analysts' consensus estimates of $1.73 by $0.31. The firm had revenue of $263.00 million for the quarter, compared to analyst estimates of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%.

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. 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.