CIBC Private Wealth Group LLC Acquires 1,096 Shares of Liberty Broadband Co. (NASDAQ:LBRDA)

CIBC Private Wealth Group LLC boosted its stake in Liberty Broadband Co. (NASDAQ:LBRDA) by 79.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,471 shares of the company’s stock after purchasing an additional 1,096 shares during the period. CIBC Private Wealth Group LLC’s holdings in Liberty Broadband were worth $187,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Liberty Broadband by 3.5% in the 4th 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 period. Wealthfront Advisers LLC bought a new position in Liberty Broadband during the fourth quarter worth $35,441,000. Seizert Capital Partners LLC lifted its holdings in Liberty Broadband by 7.5% in the fourth quarter. Seizert Capital Partners LLC now owns 423,895 shares of the company’s stock valued at $31,521,000 after buying an additional 29,477 shares during the period. Norges Bank bought a new stake in Liberty Broadband during the fourth quarter valued at $15,896,000. Finally, Virtu Financial LLC grew its holdings in Liberty Broadband by 199.4% during the 4th quarter. Virtu Financial LLC now owns 107,135 shares of the company’s stock worth $7,967,000 after acquiring an additional 71,354 shares during the period. 10.29% of the stock is owned by institutional investors.

Liberty Broadband Trading Down 8.9 %

NASDAQ:LBRDA opened at $76.10 on Monday. The firm has a fifty day simple moving average of $81.22 and a two-hundred day simple moving average of $80.56. Liberty Broadband Co. has a 12 month low of $47.17 and a 12 month high of $100.44. The stock has a market capitalization of $10.90 billion, a price-to-earnings ratio of 14.01 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.

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

Analyst Upgrades and Downgrades

Separately, Benchmark cut their target price on Liberty Broadband from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $86.20.

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.