3,600 Shares in Liberty Broadband Co. (NASDAQ:LBRDA) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,600 shares of the company's stock, valued at approximately $268,000.

A number of other institutional investors have also recently added to or reduced their stakes in LBRDA. Wilmington Savings Fund Society FSB bought a new stake in shares of Liberty Broadband during the 3rd quarter worth about $1,815,000. Barclays PLC boosted its position in Liberty Broadband by 244.6% during the third quarter. Barclays PLC now owns 4,887 shares of the company's stock worth $375,000 after purchasing an additional 3,469 shares during the period. Stifel Financial Corp acquired a new position in Liberty Broadband during the third quarter valued at approximately $1,235,000. Seizert Capital Partners LLC raised its position in shares of Liberty Broadband by 7.5% in the fourth quarter. Seizert Capital Partners LLC now owns 423,895 shares of the company's stock valued at $31,521,000 after purchasing an additional 29,477 shares during the period. Finally, Moran Wealth Management LLC acquired a new stake in shares of Liberty Broadband in the fourth quarter worth $2,447,000. 10.29% of the stock is currently owned by institutional investors and hedge funds.

Liberty Broadband Stock Performance

Shares of LBRDA stock traded down $0.02 during trading hours on Friday, reaching $75.57. 82,912 shares of the company's stock were exchanged, compared to its average volume of 154,281. 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 quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $10.83 billion, a P/E ratio of 13.92 and a beta of 1.03. The business has a fifty day moving average price of $80.95 and a 200-day moving average price of $80.82.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $2.04 EPS for the quarter, beating the consensus estimate 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 Upgrades and Downgrades

Separately, Benchmark lowered their target price on shares of Liberty Broadband from $130.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus 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.