JNE Partners LLP Takes Position in Liberty Broadband Co. (NASDAQ:LBRDA)

JNE Partners LLP purchased a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 635,155 shares of the company’s stock, valued at approximately $47,230,000. Liberty Broadband accounts for approximately 28.0% of JNE Partners LLP’s investment portfolio, making the stock its 2nd largest position. JNE Partners LLP owned 0.44% of Liberty Broadband as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in LBRDA. Barclays PLC lifted its position in shares of Liberty Broadband by 244.6% during the third quarter. Barclays PLC now owns 4,887 shares of the company’s stock worth $375,000 after purchasing an additional 3,469 shares in the last quarter. Seizert Capital Partners LLC boosted its position in Liberty Broadband by 7.5% in the 4th quarter. Seizert Capital Partners LLC now owns 423,895 shares of the company’s stock valued at $31,521,000 after buying an additional 29,477 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Liberty Broadband by 891.9% during 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 in the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of Liberty Broadband during the fourth quarter worth about $35,441,000. Finally, Moran Wealth Management LLC acquired a new position in shares of Liberty Broadband in the fourth quarter worth about $2,447,000. 10.29% of the stock is currently owned by institutional investors and hedge funds.

Liberty Broadband Stock Performance

Shares of LBRDA stock opened at $91.92 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $13.17 billion, a price-to-earnings ratio of 16.93 and a beta of 1.02. Liberty Broadband Co. has a one year low of $49.68 and a one year high of $100.44. The company’s 50-day simple moving average is $82.45 and its 200-day simple moving average is $81.53.

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

Wall Street Analyst Weigh In

Separately, Benchmark dropped their price objective 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $86.20.

Liberty Broadband Profile

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.