Liberty Broadband Co. (NASDAQ:LBRDA) Shares Bought by Raymond James & Associates

Raymond James & Associates raised its holdings in Liberty Broadband Co. (NASDAQ:LBRDA) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,739 shares of the company’s stock after purchasing an additional 301 shares during the period. Raymond James & Associates’ holdings in Liberty Broadband were worth $543,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. FMR LLC lifted its holdings in shares of Liberty Broadband by 28.8% during the 3rd quarter. FMR LLC now owns 2,173,718 shares of the company’s stock worth $197,613,000 after acquiring an additional 486,458 shares during the period. Vanguard Group Inc. grew its stake in shares of Liberty Broadband by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,564,367 shares of the company’s stock valued at $142,217,000 after buying an additional 48,811 shares during the period. Aristeia Capital LLC increased its holdings in shares of Liberty Broadband by 7.1% during the 3rd quarter. Aristeia Capital LLC now owns 1,467,991 shares of the company’s stock worth $133,455,000 after buying an additional 97,010 shares during the last quarter. Seizert Capital Partners LLC raised its position in shares of Liberty Broadband by 2.0% in the 3rd quarter. Seizert Capital Partners LLC now owns 401,132 shares of the company’s stock worth $36,467,000 after buying an additional 7,824 shares during the period. Finally, Savoie Capital LLC acquired a new position in Liberty Broadband in the third quarter valued at $17,588,000. 10.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Liberty Broadband news, Director J David Wargo sold 11,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $57.33, for a total transaction of $630,630.00. Following the completion of the sale, the director now owns 106,332 shares in the company, valued at $6,096,013.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 45,000 shares of company stock valued at $2,435,830 in the last quarter. Insiders own 19.65% of the company’s stock.

Liberty Broadband Trading Down 1.3 %

NASDAQ LBRDA opened at $49.62 on Friday. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 0.11 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.42 and a current ratio of 2.42. Liberty Broadband Co. has a one year low of $47.97 and a one year high of $95.61. The company’s 50 day moving average price is $55.43 and its 200 day moving average price is $71.25.

Liberty Broadband (NASDAQ:LBRDA) last released its quarterly earnings results on Friday, February 16th. The company reported $1.39 EPS for the quarter. Liberty Broadband had a return on equity of 7.76% and a net margin of 70.13%. The firm had revenue of $250.00 million for the quarter, compared to analyst estimates of $250.00 million. On average, sell-side analysts predict that Liberty Broadband Co. will post 12.03 EPS for the current year.

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.