Long Focus Capital Management LLC Has $23.93 Million Position in Liberty Broadband Co. (NASDAQ:LBRDA)

Long Focus Capital Management LLC lifted its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 321,800 shares of the company's stock after buying an additional 11,700 shares during the period. Liberty Broadband comprises 0.8% of Long Focus Capital Management LLC's holdings, making the stock its 24th largest position. Long Focus Capital Management LLC owned approximately 0.23% of Liberty Broadband worth $23,929,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Farther Finance Advisors LLC raised its position in Liberty Broadband by 891.9% during the fourth quarter. Farther Finance Advisors LLC now owns 367 shares of the company's stock worth $27,000 after acquiring an additional 330 shares in the last quarter. Franklin Resources Inc. acquired a new stake in Liberty Broadband in the 3rd quarter valued at about $30,000. Sterling Capital Management LLC increased its position in Liberty Broadband by 48.2% during the fourth quarter. Sterling Capital Management LLC now owns 815 shares of the company's stock worth $61,000 after buying an additional 265 shares during the last quarter. AlphaQuest LLC raised its stake in Liberty Broadband by 4,115.0% in the fourth quarter. AlphaQuest LLC now owns 843 shares of the company's stock valued at $63,000 after buying an additional 823 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Liberty Broadband by 79.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,471 shares of the company's stock valued at $187,000 after buying an additional 1,096 shares during the last quarter. Institutional investors own 10.29% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark dropped their price target on 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $86.20.

Liberty Broadband Stock Performance

LBRDA opened at $75.67 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The business has a fifty day simple moving average of $80.76 and a 200 day simple moving average of $80.78. Liberty Broadband Co. has a 1 year low of $47.17 and a 1 year high of $100.44. The company has a market capitalization of $10.84 billion, a PE ratio of 13.94 and a beta of 1.03.

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

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.

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