Schwab Charles Investment Management Inc. lessened its position in shares of Liberty Broadband Corp (NASDAQ:LBRDA) by 37.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,434 shares of the company’s stock after selling 23,395 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Liberty Broadband were worth $3,714,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in LBRDA. Trexquant Investment LP bought a new position in Liberty Broadband in the 3rd quarter valued at $208,000. JPMorgan Chase & Co. raised its position in shares of Liberty Broadband by 1,568.5% during the third quarter. JPMorgan Chase & Co. now owns 5,189 shares of the company’s stock worth $485,000 after acquiring an additional 4,878 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Liberty Broadband by 720.1% during the third quarter. Ameriprise Financial Inc. now owns 88,165 shares of the company’s stock worth $8,303,000 after purchasing an additional 77,414 shares during the period. Palladium Partners LLC acquired a new stake in shares of Liberty Broadband during the third quarter worth $202,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Liberty Broadband during the third quarter worth $140,000. 12.33% of the stock is currently owned by institutional investors.
Liberty Broadband Corp (NASDAQ LBRDA) opened at $90.30 on Friday. The company has a market capitalization of $16,420.60, a price-to-earnings ratio of 903.00 and a beta of 1.33. The company has a quick ratio of 11.64, a current ratio of 11.64 and a debt-to-equity ratio of 0.06. Liberty Broadband Corp has a 12 month low of $74.28 and a 12 month high of $104.35.
Liberty Broadband (NASDAQ:LBRDA) last issued its quarterly earnings results on Thursday, November 9th. The company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.08). Liberty Broadband had a return on equity of 0.22% and a net margin of 142.91%. sell-side analysts predict that Liberty Broadband Corp will post 0.13 earnings per share for the current fiscal year.
LBRDA has been the subject of a number of research analyst reports. BidaskClub raised Liberty Broadband from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. upped their target price on Liberty Broadband from $108.00 to $113.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Buckingham Research assumed coverage on Liberty Broadband in a report on Wednesday, December 13th. They set a “buy” rating and a $119.00 target price on the stock. Finally, Pivotal Research upped their price objective on Liberty Broadband from $108.00 to $113.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $114.40.
In other news, Director John C. Malone sold 8,550 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $94.87, for a total value of $811,138.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John C. Malone sold 45,000 shares of the firm’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $93.32, for a total value of $4,199,400.00. The disclosure for this sale can be found here. Company insiders own 6.09% of the company’s stock.
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About Liberty Broadband
Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.
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