Toronto Dominion Bank Invests $10.19 Million in Liberty Broadband Co. (NASDAQ:LBRDA)

Toronto Dominion Bank acquired a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDA) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 137,037 shares of the company’s stock, valued at approximately $10,190,000. Toronto Dominion Bank owned approximately 0.10% of Liberty Broadband as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. PAX Financial Group LLC grew its stake in shares of Liberty Broadband by 1.1% during the fourth quarter. PAX Financial Group LLC now owns 13,799 shares of the company’s stock worth $1,026,000 after acquiring an additional 144 shares during the last quarter. M&T Bank Corp boosted its stake in Liberty Broadband by 3.6% in the 4th quarter. M&T Bank Corp now owns 4,562 shares of the company’s stock worth $339,000 after purchasing an additional 158 shares in the last quarter. Stifel Financial Corp boosted its stake in Liberty Broadband by 1.4% in the 4th quarter. Stifel Financial Corp now owns 16,307 shares of the company’s stock worth $1,213,000 after purchasing an additional 230 shares in the last quarter. Gamco Investors INC. ET AL grew its position in Liberty Broadband by 0.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 43,407 shares of the company’s stock worth $3,228,000 after purchasing an additional 232 shares during the last quarter. Finally, Sterling Capital Management LLC grew 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 last quarter. Hedge funds and other institutional investors own 10.29% of the company’s stock.

Wall Street Analyst Weigh In

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

Liberty Broadband Stock Up 0.9%

Liberty Broadband stock opened at $99.02 on Wednesday. The business’s 50-day simple moving average is $84.28 and its two-hundred day simple moving average is $82.24. 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 company has a market cap of $14.19 billion, a PE ratio of 18.24 and a beta of 1.02. Liberty Broadband Co. has a fifty-two week low of $49.68 and a fifty-two week high of $102.38.

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

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.