4,114 Shares in Liberty Broadband Co. (NASDAQ:LBRDA) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in Liberty Broadband Co. (NASDAQ:LBRDA) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 4,114 shares of the company’s stock, valued at approximately $306,000.

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

Liberty Broadband Trading Down 0.6 %

Shares of LBRDA stock opened at $91.92 on Friday. 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 $13.17 billion, a price-to-earnings ratio of 16.93 and a beta of 1.02. Liberty Broadband Co. has a 52-week low of $49.68 and a 52-week high of $100.44. The company has a 50-day simple moving average of $82.45 and a two-hundred day simple moving average of $81.53.

Liberty Broadband (NASDAQ:LBRDA) last released its earnings results on Wednesday, May 7th. The company reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.67. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The company had revenue of $266.00 million for the quarter, compared to analysts’ expectations of $248.60 million.

Analyst Upgrades and Downgrades

Separately, Benchmark lowered their price objective on 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 stock. According to MarketBeat.com, Liberty Broadband presently has an average rating of “Hold” and an average price target 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.