Liberty Broadband Co. (NASDAQ:LBRDA) Shares Purchased by PAX Financial Group LLC

PAX Financial Group LLC raised its position in Liberty Broadband Co. (NASDAQ:LBRDA) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,799 shares of the company’s stock after purchasing an additional 144 shares during the period. PAX Financial Group LLC’s holdings in Liberty Broadband were worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Liberty Broadband by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 1,462,794 shares of the company’s stock worth $108,773,000 after purchasing an additional 49,547 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in Liberty Broadband during the fourth quarter worth $35,441,000. Seizert Capital Partners LLC increased its holdings in shares of Liberty Broadband by 7.5% in the 4th quarter. Seizert Capital Partners LLC now owns 423,895 shares of the company’s stock valued at $31,521,000 after purchasing an additional 29,477 shares in the last quarter. Geode Capital Management LLC increased its holdings in Liberty Broadband by 12.2% in the fourth quarter. Geode Capital Management LLC now owns 249,612 shares of the company’s stock valued at $18,575,000 after buying an additional 27,059 shares in the last quarter. Finally, Norges Bank purchased a new position in Liberty Broadband in the 4th quarter valued at approximately $15,896,000. Hedge funds and other institutional investors own 10.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark dropped their target price on shares of Liberty Broadband from $130.00 to $115.00 and set a “buy” rating for the company in a report on Monday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $86.20.

Liberty Broadband Stock Performance

Shares of LBRDA opened at $83.56 on Friday. The company’s 50 day simple moving average is $81.31 and its 200 day simple moving average is $80.19. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market capitalization of $11.97 billion, a price-to-earnings ratio of 15.39 and a beta of 1.03. Liberty Broadband Co. has a 1 year low of $47.17 and a 1 year high of $100.44.

Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly earnings data on Thursday, February 27th. The company reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.31. The company had revenue of $263.00 million during the quarter, compared to the consensus estimate of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%.

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.