The Manufacturers Life Insurance Company raised its holdings in Liberty Broadband Corporation (NASDAQ:LBRDA) by 7.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,681 shares of the company’s stock after acquiring an additional 399 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Liberty Broadband were worth $487,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Artemis Investment Management LLP grew its position in Liberty Broadband by 40.6% during the 2nd quarter. Artemis Investment Management LLP now owns 669,279 shares of the company’s stock worth $58,050,000 after acquiring an additional 193,130 shares during the last quarter. Leucadia National Corp bought a new position in Liberty Broadband during the 2nd quarter worth approximately $9,615,000. State of Wisconsin Investment Board grew its position in Liberty Broadband by 1,541.8% during the 2nd quarter. State of Wisconsin Investment Board now owns 83,272 shares of the company’s stock worth $7,144,000 after acquiring an additional 78,200 shares during the last quarter. Vanguard Group Inc. grew its position in Liberty Broadband by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,748,982 shares of the company’s stock worth $150,045,000 after acquiring an additional 75,769 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Liberty Broadband by 8.1% during the 2nd quarter. Franklin Resources Inc. now owns 333,328 shares of the company’s stock worth $28,596,000 after acquiring an additional 25,016 shares during the last quarter. 11.79% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Corporation (LBRDA) opened at $86.53 on Friday. The company has a market capitalization of $15,735.05, a P/E ratio of 865.30 and a beta of 1.37. The company has a debt-to-equity ratio of 0.06, a current ratio of 11.64 and a quick ratio of 11.64. Liberty Broadband Corporation has a one year low of $67.37 and a one year high of $104.35.

Liberty Broadband (NASDAQ:LBRDA) last released its earnings results on Thursday, November 9th. The company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.08). Liberty Broadband had a net margin of 142.91% and a return on equity of 0.22%. analysts expect that Liberty Broadband Corporation will post 0.13 earnings per share for the current year.

In other news, Director John C. Malone sold 45,000 shares of the business’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $93.32, for a total value of $4,199,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John C. Malone sold 8,550 shares of the business’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $98.11, for a total value of $838,840.50. Following the completion of the transaction, the director now owns 3,452,779 shares of the company’s stock, valued at approximately $338,752,147.69. The disclosure for this sale can be found here. Insiders have sold 187,600 shares of company stock valued at $18,015,779 in the last quarter. 6.09% of the stock is owned by company insiders.

Several equities analysts recently issued reports on LBRDA shares. raised their price target on Liberty Broadband from $108.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Telsey Advisory Group reiterated an “outperform” rating and issued a $125.00 price objective (up from $95.00) on shares of Liberty Broadband in a research report on Thursday, September 7th. Pivotal Research reiterated a “buy” rating and issued a $108.00 price objective (up from $107.00) on shares of Liberty Broadband in a research report on Tuesday, August 15th. BidaskClub upgraded Liberty Broadband from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Finally, TheStreet cut Liberty Broadband from a “b” rating to a “c+” rating in a research note on Wednesday, August 16th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $113.25.

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Liberty Broadband Company Profile

Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.

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

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