Liberty Broadband Co. (NASDAQ:LBRDA) Stock Holdings Boosted by Private Management Group Inc.

Private Management Group Inc. lifted its position in Liberty Broadband Co. (NASDAQ:LBRDA) by 29.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 388,923 shares of the company’s stock after buying an additional 89,317 shares during the period. Private Management Group Inc. owned approximately 0.27% of Liberty Broadband worth $21,235,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Headlands Technologies LLC bought a new stake in Liberty Broadband during the first quarter worth approximately $49,000. Principal Securities Inc. acquired a new stake in shares of Liberty Broadband during the 4th quarter valued at $51,000. Spire Wealth Management boosted its stake in shares of Liberty Broadband by 9,080.0% during the 1st quarter. Spire Wealth Management now owns 918 shares of the company’s stock worth $52,000 after acquiring an additional 908 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Liberty Broadband in the 1st quarter worth $72,000. Finally, CWM LLC raised its position in shares of Liberty Broadband by 112.6% during the second quarter. CWM LLC now owns 1,352 shares of the company’s stock worth $74,000 after purchasing an additional 716 shares during the period. Institutional investors and hedge funds own 10.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on LBRDA shares. Deutsche Bank Aktiengesellschaft decreased their price target on Liberty Broadband from $104.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 16th. Citigroup cut shares of Liberty Broadband from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $67.00 to $57.00 in a report on Wednesday, July 3rd. Finally, Evercore ISI cut their price target on shares of Liberty Broadband from $106.00 to $72.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd.

Liberty Broadband Stock Performance

Shares of Liberty Broadband stock opened at $59.49 on Monday. The stock has a market cap of $8.50 billion, a PE ratio of 10.10 and a beta of 1.04. Liberty Broadband Co. has a 12 month low of $47.17 and a 12 month high of $95.08. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.39. The business has a fifty day simple moving average of $59.49 and a 200-day simple moving average of $55.65.

Liberty Broadband (NASDAQ:LBRDA) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $3.12 by ($1.76). The business had revenue of $246.00 million for the quarter. Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. During the same period in the previous year, the firm earned $1.71 EPS.

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.