Liberty Broadband Co. (NASDAQ:LBRDA) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 3.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,462,794 shares of the company's stock after acquiring an additional 49,547 shares during the period. Vanguard Group Inc. owned about 1.02% of Liberty Broadband worth $108,773,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in LBRDA. M&T Bank Corp boosted its holdings in Liberty Broadband by 3.6% during the 4th quarter. M&T Bank Corp now owns 4,562 shares of the company's stock valued at $339,000 after acquiring an additional 158 shares during the period. American Century Companies Inc. grew its holdings in shares of Liberty Broadband by 10.7% in the fourth quarter. American Century Companies Inc. now owns 3,053 shares of the company's stock valued at $227,000 after purchasing an additional 296 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Liberty Broadband by 891.9% during the 4th quarter. Farther Finance Advisors LLC now owns 367 shares of the company's stock worth $27,000 after buying an additional 330 shares during the period. Franklin Resources Inc. acquired a new stake in Liberty Broadband during the 3rd quarter worth approximately $30,000. Finally, Corient Private Wealth LLC lifted its holdings in Liberty Broadband by 13.4% during the 4th quarter. Corient Private Wealth LLC now owns 4,943 shares of the company's stock worth $368,000 after buying an additional 583 shares in the last quarter. 10.29% of the stock is currently owned by institutional investors and hedge funds.

Liberty Broadband Stock Down 0.0 %

NASDAQ:LBRDA traded down $0.02 during mid-day trading on Friday, hitting $75.57. The stock had a trading volume of 82,912 shares, compared to its average volume of 154,226. Liberty Broadband Co. has a twelve month low of $47.17 and a twelve month high of $100.44. The stock has a 50-day simple moving average of $80.95 and a two-hundred day simple moving average of $80.86. 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 company has a market capitalization of $10.83 billion, a PE ratio of 13.92 and a beta of 1.03.

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

Wall Street Analyst Weigh In

Separately, Benchmark dropped their price target on shares of 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price 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.