Raymond James Financial Inc. Takes Position in Liberty Broadband Co. (NASDAQ:LBRDA)

Raymond James Financial Inc. bought a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,114 shares of the company's stock, valued at approximately $306,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Resources Inc. acquired a new stake in shares of Liberty Broadband in the third quarter worth $30,000. Quantinno Capital Management LP purchased a new position in Liberty Broadband during the 3rd quarter valued at about $260,000. M&T Bank Corp purchased a new stake in shares of Liberty Broadband in the third quarter worth approximately $338,000. Barclays PLC boosted its holdings in shares of 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. Finally, JPMorgan Chase & Co. increased its stake in Liberty Broadband by 10.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,578 shares of the company's stock valued at $1,120,000 after buying an additional 1,352 shares during the period. Institutional investors and hedge funds own 10.29% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Benchmark lowered 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Liberty Broadband currently has an average rating of "Hold" and a consensus price target of $86.20.

Liberty Broadband Stock Performance

Shares of LBRDA stock traded up $1.97 during trading hours on Tuesday, reaching $79.19. 25,103 shares of the company's stock were exchanged, compared to its average volume of 153,661. 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 $11.35 billion, a P/E ratio of 14.53 and a beta of 1.03. The business has a fifty day moving average price of $80.97 and a 200-day moving average price of $80.85.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share (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 the consensus estimate of $252.50 million.

About Liberty Broadband

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.