Liberty Broadband Co. (NASDAQ:LBRDA) Stock Position Lifted by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group boosted its position in shares of Liberty Broadband Co. (NASDAQ:LBRDAFree Report) by 18.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,349 shares of the company’s stock after buying an additional 691 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Liberty Broadband were worth $248,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of LBRDA. Citigroup Inc. lifted its position in shares of Liberty Broadband by 14.2% in the 3rd quarter. Citigroup Inc. now owns 1,348 shares of the company’s stock worth $123,000 after acquiring an additional 168 shares during the period. Raymond James & Associates grew its stake in shares of Liberty Broadband by 4.7% during the fourth quarter. Raymond James & Associates now owns 6,739 shares of the company’s stock worth $543,000 after purchasing an additional 301 shares during the period. VisionPoint Advisory Group LLC grew its stake in Liberty Broadband by 1.6% in the fourth quarter. VisionPoint Advisory Group LLC now owns 30,196 shares of the company’s stock valued at $2,435,000 after acquiring an additional 478 shares during the period. AMI Investment Management Inc. lifted its holdings in shares of Liberty Broadband by 1.8% in the fourth quarter. AMI Investment Management Inc. now owns 33,738 shares of the company’s stock valued at $2,721,000 after purchasing an additional 584 shares in the last quarter. Finally, Principal Securities Inc. bought a new stake in shares of Liberty Broadband in the fourth quarter valued at about $51,000. 10.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on LBRDA shares. Evercore ISI reduced their price target on Liberty Broadband from $106.00 to $72.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. Citigroup cut Liberty Broadband from a “buy” rating to a “neutral” rating and cut their target price for the stock from $67.00 to $57.00 in a research note on Wednesday, July 3rd.

Get Our Latest Analysis on LBRDA

Liberty Broadband Price Performance

Shares of LBRDA traded down $0.04 during trading hours on Wednesday, reaching $52.18. The stock had a trading volume of 50,534 shares, compared to its average volume of 148,110. Liberty Broadband Co. has a 12 month low of $47.17 and a 12 month high of $95.61. The stock has a market capitalization of $7.45 billion, a PE ratio of 8.82, a PEG ratio of 0.11 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 1.81. The company’s 50-day moving average is $52.49 and its two-hundred day moving average is $59.40.

Liberty Broadband (NASDAQ:LBRDAGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.80 by ($1.11). Liberty Broadband had a return on equity of 9.55% and a net margin of 87.75%. The company had revenue of $245.00 million for the quarter, compared to the consensus estimate of $248.46 million. Research analysts expect that Liberty Broadband Co. will post 12.03 EPS for the current year.

Liberty Broadband Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Liberty Broadband (NASDAQ:LBRDA)

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