Css LLC Il Buys 4,500 Shares of Liberty Broadband Co. (NASDAQ:LBRDA)

Css LLC Il increased its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA) by 128.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,000 shares of the company’s stock after acquiring an additional 4,500 shares during the period. Css LLC Il’s holdings in Liberty Broadband were worth $595,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of LBRDA. Farther Finance Advisors LLC lifted its stake in Liberty Broadband by 891.9% in the fourth quarter. Farther Finance Advisors LLC now owns 367 shares of the company’s stock valued at $27,000 after acquiring an additional 330 shares during the last quarter. Sterling Capital Management LLC increased its position in Liberty Broadband by 48.2% during the fourth quarter. Sterling Capital Management LLC now owns 815 shares of the company’s stock worth $61,000 after buying an additional 265 shares during the last quarter. AlphaQuest LLC raised its stake in Liberty Broadband by 4,115.0% in the fourth quarter. AlphaQuest LLC now owns 843 shares of the company’s stock valued at $63,000 after buying an additional 823 shares during the period. Lazard Asset Management LLC raised its stake in Liberty Broadband by 8,480.0% in the fourth quarter. Lazard Asset Management LLC now owns 2,145 shares of the company’s stock valued at $159,000 after buying an additional 2,120 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Liberty Broadband by 79.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,471 shares of the company’s stock valued at $187,000 after buying an additional 1,096 shares during the last quarter. Institutional investors own 10.29% of the company’s stock.

Liberty Broadband Stock Performance

Shares of LBRDA stock opened at $97.28 on Thursday. Liberty Broadband Co. has a 52 week low of $49.68 and a 52 week high of $102.38. The company has a market capitalization of $13.94 billion, a price-to-earnings ratio of 17.92 and a beta of 1.02. The company has a 50-day simple moving average of $84.60 and a 200 day simple moving average of $82.34. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDA) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.67. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The company had revenue of $266.00 million during the quarter, compared to analysts’ expectations of $248.60 million.

Analysts Set New Price Targets

Separately, Benchmark decreased their target price on Liberty Broadband from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $86.20.

About Liberty Broadband

Liberty Broadband Corporation engages in the communications businesses. The company’s GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.