Price T Rowe Associates Inc. MD Grows Holdings in Liberty Broadband Co. (NASDAQ:LBRDA)

Price T Rowe Associates Inc. MD boosted its position in Liberty Broadband Co. (NASDAQ:LBRDA) by 21.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,726 shares of the company’s stock after buying an additional 2,078 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Liberty Broadband were worth $872,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LBRDA. Stifel Financial Corp raised its position in shares of Liberty Broadband by 1.4% in the 4th quarter. Stifel Financial Corp now owns 16,307 shares of the company’s stock valued at $1,213,000 after purchasing an additional 230 shares in the last quarter. Natixis bought a new stake in shares of Liberty Broadband in the fourth quarter worth $1,402,000. Ossiam acquired a new stake in Liberty Broadband in the fourth quarter valued at $207,000. Gamco Investors INC. ET AL raised its holdings in Liberty Broadband by 0.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 43,407 shares of the company’s stock valued at $3,228,000 after acquiring an additional 232 shares in the last quarter. Finally, Barclays PLC grew its holdings in Liberty Broadband by 129.3% during the 4th quarter. Barclays PLC now owns 11,207 shares of the company’s stock worth $833,000 after acquiring an additional 6,320 shares in the last quarter. 10.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Liberty Broadband Stock Performance

Shares of LBRDA opened at $91.92 on Monday. The stock has a market capitalization of $13.17 billion, a PE ratio of 16.93 and a beta of 1.02. The business’s fifty day moving average price is $82.45 and its 200 day moving average price is $81.54. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. Liberty Broadband Co. has a 12-month low of $49.68 and a 12-month high of $100.44.

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

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. 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.