BNP Paribas Financial Markets Has $6.38 Million Stock Position in Liberty Broadband Co. (NASDAQ:LBRDA)

BNP Paribas Financial Markets boosted its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 279.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 111,680 shares of the company's stock after acquiring an additional 82,261 shares during the period. BNP Paribas Financial Markets owned 0.08% of Liberty Broadband worth $6,379,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of LBRDA. Norges Bank acquired a new stake in Liberty Broadband during the 4th quarter worth $17,239,000. Gavilan Investment Partners LLC boosted its position in shares of Liberty Broadband by 40.4% during the fourth quarter. Gavilan Investment Partners LLC now owns 227,500 shares of the company's stock worth $18,346,000 after purchasing an additional 65,500 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Liberty Broadband by 3.2% during the third quarter. Vanguard Group Inc. now owns 1,564,367 shares of the company's stock worth $142,217,000 after purchasing an additional 48,811 shares in the last quarter. Mango Investments LLC bought a new position in shares of Liberty Broadband during the fourth quarter worth $3,181,000. Finally, Bislett Management LLC boosted its position in shares of Liberty Broadband by 16.0% during the fourth quarter. Bislett Management LLC now owns 145,000 shares of the company's stock worth $11,693,000 after purchasing an additional 20,000 shares in the last quarter. Institutional investors and hedge funds own 10.29% of the company's stock.

Liberty Broadband Stock Performance

Shares of NASDAQ:LBRDA traded up $1.71 on Thursday, reaching $53.93. 109,157 shares of the company's stock were exchanged, compared to its average volume of 148,016. The company has a fifty day moving average of $52.51 and a 200-day moving average of $59.35. Liberty Broadband Co. has a twelve month low of $47.17 and a twelve month high of $95.61. The company has a market capitalization of $7.70 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 0.11 and a beta of 1.03. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $1.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.80 by ($1.11). Liberty Broadband had a return on equity of 9.55% and a net margin of 87.75%. The business had revenue of $245.00 million for the quarter, compared to analyst estimates of $248.46 million. On average, research analysts predict that Liberty Broadband Co. will post 12.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Citigroup cut shares of Liberty Broadband from a "buy" rating to a "neutral" rating and cut their price objective for the company from $67.00 to $57.00 in a research report on Wednesday, July 3rd. Evercore ISI cut their price objective on shares of Liberty Broadband from $106.00 to $72.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 2nd.

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.