Natixis Invests $1.40 Million in Liberty Broadband Co. (NASDAQ:LBRDA)

Natixis bought a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 18,856 shares of the company's stock, valued at approximately $1,402,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. PAX Financial Group LLC grew its position in shares of Liberty Broadband by 1.1% in the 4th quarter. PAX Financial Group LLC now owns 13,799 shares of the company's stock valued at $1,026,000 after purchasing an additional 144 shares during the period. M&T Bank Corp grew its stake in shares of Liberty Broadband by 3.6% in the fourth quarter. M&T Bank Corp now owns 4,562 shares of the company's stock valued at $339,000 after buying an additional 158 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in Liberty Broadband by 0.5% during the fourth quarter. Gamco Investors INC. ET AL now owns 43,407 shares of the company's stock worth $3,228,000 after purchasing an additional 232 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of Liberty Broadband by 48.2% during the 4th 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 period. Finally, JPMorgan Chase & Co. raised its stake in Liberty Broadband by 1.9% in the 4th quarter. JPMorgan Chase & Co. now owns 14,857 shares of the company's stock worth $1,105,000 after purchasing an additional 279 shares in the last quarter. Institutional investors and hedge funds own 10.29% of the company's stock.

Liberty Broadband Stock Performance

LBRDA stock traded up $8.56 on Friday, hitting $85.06. The company had a trading volume of 459,732 shares, compared to its average volume of 154,201. The stock has a market cap of $12.19 billion, a price-to-earnings ratio of 15.66 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 stock's 50-day simple moving average is $80.69 and its 200 day simple moving average is $80.80. Liberty Broadband Co. has a 12-month low of $47.17 and a 12-month high of $100.44.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.31. The business had revenue of $263.00 million for 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 lowered their price objective on Liberty Broadband from $130.00 to $115.00 and set a "buy" rating for the company in a research report 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $86.20.

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.