Virtu Financial LLC Purchases 30,088 Shares of Liberty Broadband Corporation $LBRDA

Virtu Financial LLC raised its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDA) by 234.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 42,920 shares of the company’s stock after acquiring an additional 30,088 shares during the period. Virtu Financial LLC’s holdings in Liberty Broadband were worth $2,072,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of LBRDA. Mercer Global Advisors Inc. ADV grew its position in Liberty Broadband by 39.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 5,855 shares of the company’s stock worth $283,000 after acquiring an additional 1,661 shares during the last quarter. Millennium Management LLC raised its position in Liberty Broadband by 5.4% in the 4th quarter. Millennium Management LLC now owns 629,881 shares of the company’s stock valued at $30,411,000 after purchasing an additional 32,119 shares during the last quarter. First Manhattan CO. LLC. boosted its stake in Liberty Broadband by 0.9% in the fourth quarter. First Manhattan CO. LLC. now owns 38,163 shares of the company’s stock worth $1,843,000 after purchasing an additional 345 shares in the last quarter. AQR Capital Management LLC boosted its stake in Liberty Broadband by 215.3% in the fourth quarter. AQR Capital Management LLC now owns 49,895 shares of the company’s stock worth $2,409,000 after purchasing an additional 34,070 shares in the last quarter. Finally, Trexquant Investment LP bought a new stake in shares of Liberty Broadband during the fourth quarter worth $1,337,000. Institutional investors own 10.29% of the company’s stock.

Liberty Broadband Stock Performance

LBRDA stock opened at $29.54 on Friday. The company has a market cap of $4.24 billion, a P/E ratio of -1.54 and a beta of 0.66. Liberty Broadband Corporation has a twelve month low of $29.45 and a twelve month high of $101.00. The business’s fifty day moving average is $38.45 and its 200-day moving average is $45.77. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.27.

Liberty Broadband (NASDAQ:LBRDA) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.41 earnings per share (EPS) for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

About Liberty Broadband

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter’s Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.