Newfound Research LLC Acquires 312 Shares of Liberty Broadband Co. (NASDAQ:LBRDA)

Newfound Research LLC increased its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDA) by 85.7% during the third quarter, Holdings Channel reports. The fund owned 676 shares of the company’s stock after purchasing an additional 312 shares during the period. Newfound Research LLC’s holdings in Liberty Broadband were worth $114,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in Liberty Broadband by 76.7% during the 2nd quarter. Parallel Advisors LLC now owns 470 shares of the company’s stock worth $79,000 after acquiring an additional 204 shares during the last quarter. Metropolitan Life Insurance Co NY bought a new stake in Liberty Broadband during the 2nd quarter worth approximately $86,000. Quadrant Capital Group LLC grew its position in Liberty Broadband by 25.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 640 shares of the company’s stock worth $108,000 after acquiring an additional 128 shares during the last quarter. HighTower Advisors LLC bought a new position in Liberty Broadband in the 2nd quarter valued at $210,000. Finally, Oppenheimer & Co. Inc. bought a new position in Liberty Broadband in the 2nd quarter valued at $212,000. Institutional investors and hedge funds own 11.57% of the company’s stock.

LBRDA traded down $1.26 during mid-day trading on Thursday, reaching $159.00. The stock had a trading volume of 129,209 shares, compared to its average volume of 101,514. The firm’s fifty day simple moving average is $167.69 and its two-hundred day simple moving average is $168.76. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market capitalization of $28.08 billion, a P/E ratio of 48.18 and a beta of 1.00. Liberty Broadband Co. has a 52 week low of $138.04 and a 52 week high of $188.76.

Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly earnings results on Thursday, November 4th. The company reported $1.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.21. Liberty Broadband had a return on equity of 6.66% and a net margin of 78.43%. During the same period in the prior year, the company posted $0.38 EPS. As a group, analysts expect that Liberty Broadband Co. will post 12.32 EPS for the current fiscal year.

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Liberty Broadband from $188.00 to $196.00 and gave the company a “buy” rating in a research report on Tuesday, October 12th. Credit Suisse Group assumed coverage on Liberty Broadband in a research report on Tuesday, November 16th. They issued an “outperform” rating and a $211.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Liberty Broadband has a consensus rating of “Buy” and an average target price of $196.80.

About Liberty Broadband

Liberty Broadband Corp. operates as a holding company, which engages in the cable, broadband and mobile location technology businesses. It operates through its subsidiaries, Charter Communications, Inc and TruePosition, Inc The company was founded on March 28, 1991 and is headquartered in Englewood, CO.

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

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