Ossiam Purchases New Holdings in Liberty Broadband Co. (NASDAQ:LBRDA)

Ossiam acquired a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDA) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 2,779 shares of the company’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors also recently modified their holdings of LBRDA. Gamco Investors INC. ET AL boosted its holdings in shares of Liberty Broadband by 0.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 43,407 shares of the company’s stock valued at $3,228,000 after acquiring an additional 232 shares in the last quarter. Barclays PLC lifted its position in Liberty Broadband by 129.3% in the fourth quarter. Barclays PLC now owns 11,207 shares of the company’s stock valued at $833,000 after purchasing an additional 6,320 shares during the period. Sterling Capital Management LLC increased its position in Liberty Broadband by 48.2% during the 4th quarter. Sterling Capital Management LLC now owns 815 shares of the company’s stock worth $61,000 after purchasing an additional 265 shares during the period. Raymond James Financial Inc. acquired a new position in Liberty Broadband during the 4th quarter worth approximately $306,000. Finally, Renaissance Technologies LLC raised its stake in shares of Liberty Broadband by 122.8% during the 4th quarter. Renaissance Technologies LLC now owns 98,700 shares of the company’s stock worth $7,339,000 after buying an additional 54,400 shares in the last quarter. 10.29% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Trading Up 2.7 %

Shares of Liberty Broadband stock opened at $75.67 on Wednesday. The company has a 50-day moving average of $80.76 and a two-hundred day moving average of $80.78. The stock has a market cap of $10.84 billion, a PE ratio of 13.94 and a beta of 1.03. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a 12-month low of $47.17 and a 12-month high of $100.44.

Liberty Broadband (NASDAQ:LBRDA) last issued its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.31. The firm had revenue of $263.00 million during the quarter, compared to analysts’ expectations of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%.

Analysts Set New Price Targets

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