Sei Investments Co. Has $963,000 Stake in Liberty Broadband Co. (NASDAQ:LBRDA)

Sei Investments Co. lowered its holdings in Liberty Broadband Co. (NASDAQ:LBRDA) by 17.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,955 shares of the company’s stock after selling 2,814 shares during the quarter. Sei Investments Co.’s holdings in Liberty Broadband were worth $963,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Farther Finance Advisors LLC lifted its holdings in shares of Liberty Broadband by 891.9% in the fourth quarter. Farther Finance Advisors LLC now owns 367 shares of the company’s stock valued at $27,000 after purchasing an additional 330 shares in the last quarter. Franklin Resources Inc. bought a new stake in Liberty Broadband during the third quarter worth $30,000. AlphaQuest LLC raised its position in Liberty Broadband by 4,115.0% in the 4th quarter. AlphaQuest LLC now owns 843 shares of the company’s stock valued at $63,000 after buying an additional 823 shares during the last quarter. American Century Companies Inc. lifted its stake in Liberty Broadband by 10.7% during the 4th quarter. American Century Companies Inc. now owns 3,053 shares of the company’s stock valued at $227,000 after acquiring an additional 296 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new stake in shares of Liberty Broadband in the 3rd quarter worth $260,000. Institutional investors own 10.29% of the company’s stock.

Liberty Broadband Stock Down 1.8 %

LBRDA stock opened at $74.70 on Tuesday. Liberty Broadband Co. has a 1-year low of $47.17 and a 1-year high of $100.44. The stock has a market cap of $10.70 billion, a P/E ratio of 13.76 and a beta of 1.03. The stock’s fifty day simple moving average is $81.10 and its two-hundred day simple moving average is $80.67. 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 quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates 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.

Wall Street Analysts Forecast Growth

Separately, Benchmark dropped their price target on shares of 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $86.20.

Liberty Broadband Company 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.