Hosking Partners LLP lessened its stake in shares of Liberty Broadband (NASDAQ:LBRDA) by 70.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,902 shares of the company’s stock after selling 14,127 shares during the period. Hosking Partners LLP’s holdings in Liberty Broadband were worth $500,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Wisconsin Investment Board boosted its position in Liberty Broadband by 72.7% during the fourth quarter. State of Wisconsin Investment Board now owns 679,365 shares of the company’s stock worth $57,780,000 after purchasing an additional 286,067 shares during the period. State of New Jersey Common Pension Fund D boosted its position in Liberty Broadband by 10.4% during the first quarter. State of New Jersey Common Pension Fund D now owns 530,000 shares of the company’s stock worth $44,944,000 after purchasing an additional 50,000 shares during the period. Hound Partners LLC boosted its position in Liberty Broadband by 0.3% during the fourth quarter. Hound Partners LLC now owns 259,160 shares of the company’s stock worth $22,042,000 after purchasing an additional 674 shares during the period. Geode Capital Management LLC boosted its position in Liberty Broadband by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 256,923 shares of the company’s stock worth $21,851,000 after purchasing an additional 3,992 shares during the period. Finally, Freshford Capital Management LLC bought a new position in Liberty Broadband during the fourth quarter worth about $20,361,000. Institutional investors and hedge funds own 12.04% of the company’s stock.
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Liberty Broadband opened at $70.96 on Friday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.05, a current ratio of 15.33 and a quick ratio of 15.33. Liberty Broadband has a 12 month low of $68.20 and a 12 month high of $104.35. The company has a market capitalization of $12.83 billion, a PE ratio of 6.39 and a beta of 1.44.
Liberty Broadband (NASDAQ:LBRDA) last released its quarterly earnings data on Wednesday, May 9th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.18). Liberty Broadband had a net margin of 9,350.33% and a return on equity of 21.43%. equities research analysts predict that Liberty Broadband will post 1.26 EPS for the current year.
A number of equities analysts have weighed in on the stock. Pivotal Research reiterated a “buy” rating and set a $100.00 target price (down previously from $134.00) on shares of Liberty Broadband in a research report on Tuesday, May 15th. Zacks Investment Research lowered shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Thursday, March 8th. BidaskClub lowered shares of Liberty Broadband from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 14th. TheStreet lowered shares of Liberty Broadband from a “b” rating to a “c+” rating in a research report on Friday, May 11th. Finally, ValuEngine lowered shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $115.25.
Liberty Broadband Profile
Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential and commercial customers in the United States. It operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understanding the precise geographic location and movement of mobile devices; enhancing the location determination capabilities of a hybrid location system.