Vanguard Group Inc. Increases Stock Position in Liberty Broadband Corporation $LBRDA

Vanguard Group Inc. increased its position in Liberty Broadband Corporation (NASDAQ:LBRDA) by 5.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,679,806 shares of the company’s stock after purchasing an additional 91,276 shares during the quarter. Vanguard Group Inc.’s holdings in Liberty Broadband were worth $81,101,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in LBRDA. AQR Capital Management LLC boosted its stake in shares of Liberty Broadband by 35.0% in the first quarter. AQR Capital Management LLC now owns 16,572 shares of the company’s stock valued at $1,409,000 after purchasing an additional 4,298 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Liberty Broadband by 1.2% in the first quarter. Goldman Sachs Group Inc. now owns 25,897 shares of the company’s stock valued at $2,201,000 after purchasing an additional 319 shares during the period. Empowered Funds LLC purchased a new position in shares of Liberty Broadband in the first quarter valued at $304,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Liberty Broadband by 4.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,796 shares of the company’s stock valued at $3,468,000 after purchasing an additional 1,731 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of Liberty Broadband by 66.2% in the second quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock valued at $60,000 after purchasing an additional 245 shares during the period. 10.29% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Trading Down 3.4%

NASDAQ LBRDA opened at $33.31 on Thursday. Liberty Broadband Corporation has a 12 month low of $32.98 and a 12 month high of $102.38. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of -1.74 and a beta of 0.70. The company’s fifty day moving average price is $48.46 and its two-hundred day moving average price is $48.93.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Liberty Broadband Company Profile

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.