California Public Employees Retirement System Has $21.97 Million Position in Liberty Broadband Co. (NASDAQ:LBRDA)

California Public Employees Retirement System lifted its holdings in Liberty Broadband Co. (NASDAQ:LBRDAGet Rating) by 182.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 136,572 shares of the company’s stock after acquiring an additional 88,250 shares during the period. California Public Employees Retirement System’s holdings in Liberty Broadband were worth $21,974,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in LBRDA. Morgan Stanley grew its stake in shares of Liberty Broadband by 10.3% in the second quarter. Morgan Stanley now owns 61,426 shares of the company’s stock valued at $10,330,000 after acquiring an additional 5,759 shares in the last quarter. Deutsche Bank AG grew its stake in Liberty Broadband by 11.8% during the third quarter. Deutsche Bank AG now owns 30,198 shares of the company’s stock worth $5,084,000 after buying an additional 3,176 shares in the last quarter. Advisor Group Holdings Inc. grew its stake in Liberty Broadband by 19.5% during the third quarter. Advisor Group Holdings Inc. now owns 2,382 shares of the company’s stock worth $401,000 after buying an additional 389 shares in the last quarter. Truist Financial Corp grew its stake in Liberty Broadband by 5.3% during the third quarter. Truist Financial Corp now owns 1,260 shares of the company’s stock worth $212,000 after buying an additional 63 shares in the last quarter. Finally, Moors & Cabot Inc. acquired a new stake in Liberty Broadband during the third quarter worth about $27,000. Institutional investors and hedge funds own 11.67% of the company’s stock.

LBRDA has been the topic of a number of analyst reports. TheStreet downgraded shares of Liberty Broadband from a “b-” rating to a “c+” rating in a research note on Wednesday. Benchmark reduced their price objective on shares of Liberty Broadband from $242.00 to $222.00 and set a “buy” rating on the stock in a research note on Thursday, March 10th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Liberty Broadband from $196.00 to $158.00 in a research note on Tuesday.

In other Liberty Broadband news, Director J David Wargo acquired 2,300 shares of the company’s stock in a transaction that occurred on Friday, March 4th. The stock was acquired at an average price of $132.15 per share, for a total transaction of $303,945.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.63% of the stock is currently owned by corporate insiders.

LBRDA stock opened at $112.59 on Friday. The stock has a market capitalization of $18.90 billion, a P/E ratio of 20.58 and a beta of 1.07. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.42. Liberty Broadband Co. has a 12 month low of $103.31 and a 12 month high of $188.76. The firm has a 50-day moving average price of $127.22 and a 200-day moving average price of $143.70.

Liberty Broadband (NASDAQ:LBRDAGet Rating) last posted its earnings results on Friday, February 25th. The company reported $2.11 EPS for the quarter. The firm had revenue of $248.96 million during the quarter. Liberty Broadband had a net margin of 99.93% and a return on equity of 10.12%. As a group, equities analysts predict that Liberty Broadband Co. will post 16.31 EPS for the current fiscal year.

Liberty Broadband Profile (Get Rating)

Liberty Broadband Corporation engages in the communications businesses. It operates through GCI Holdings and Charter segments. The GCI Holdings segment provides a range of wireless, data, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions primarily in Alaska under the GCI brand.

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Institutional Ownership by Quarter for Liberty Broadband (NASDAQ:LBRDA)

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