Pictet Asset Management Holding SA Acquires Shares of 2,974 Liberty Broadband Co. (NASDAQ:LBRDA)

Pictet Asset Management Holding SA bought a new position in Liberty Broadband Co. (NASDAQ:LBRDA) in the 4th quarter, Holdings Channel reports. The firm bought 2,974 shares of the company’s stock, valued at approximately $221,000.

Several other institutional investors have also recently made changes to their positions in LBRDA. Wilmington Savings Fund Society FSB purchased a new stake in Liberty Broadband in the 3rd quarter worth about $1,815,000. Barclays PLC grew its stake in shares of Liberty Broadband by 244.6% during the third quarter. Barclays PLC now owns 4,887 shares of the company’s stock valued at $375,000 after buying an additional 3,469 shares during the last quarter. Stifel Financial Corp purchased a new stake in shares of Liberty Broadband in the third quarter worth approximately $1,235,000. Seizert Capital Partners LLC lifted its stake in shares of Liberty Broadband by 7.5% during the 4th 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 during the last quarter. Finally, Moran Wealth Management LLC purchased a new position in Liberty Broadband during the 4th quarter valued at $2,447,000. Institutional investors own 10.29% of the company’s stock.

Liberty Broadband Trading Down 0.0 %

Shares of NASDAQ LBRDA opened at $75.57 on Friday. Liberty Broadband Co. has a twelve month low of $47.17 and a twelve month high of $100.44. The firm has a market cap of $10.83 billion, a PE ratio of 13.92 and a beta of 1.03. The business has a fifty day simple moving average of $80.95 and a two-hundred day simple moving average of $80.82. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40.

Liberty Broadband (NASDAQ:LBRDA) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $252.50 million.

Wall Street Analyst Weigh In

Separately, Benchmark decreased their target price on Liberty Broadband from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average 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.