Cigna Investments Inc. New Takes $407,000 Position in Liberty Broadband Corp Series A (NASDAQ:LBRDA)

Cigna Investments Inc. New bought a new position in Liberty Broadband Corp Series A (NASDAQ:LBRDA) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 3,336 shares of the company’s stock, valued at approximately $407,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. New York State Common Retirement Fund grew its position in Liberty Broadband Corp Series A by 1.6% during the first quarter. New York State Common Retirement Fund now owns 49,800 shares of the company’s stock valued at $5,329,000 after acquiring an additional 800 shares during the last quarter. Rhumbline Advisers raised its position in Liberty Broadband Corp Series A by 10.6% in the 1st quarter. Rhumbline Advisers now owns 31,191 shares of the company’s stock worth $3,337,000 after purchasing an additional 2,987 shares during the period. Aigen Investment Management LP bought a new stake in Liberty Broadband Corp Series A in the first quarter worth $56,000. Fiduciary Group LLC boosted its position in Liberty Broadband Corp Series A by 21.2% during the first quarter. Fiduciary Group LLC now owns 2,143 shares of the company’s stock valued at $229,000 after buying an additional 375 shares during the period. Finally, RMB Capital Management LLC bought a new position in shares of Liberty Broadband Corp Series A during the first quarter valued at about $4,813,000. 11.61% of the stock is currently owned by institutional investors and hedge funds.

Shares of LBRDA opened at $141.01 on Wednesday. Liberty Broadband Corp Series A has a 52 week low of $80.14 and a 52 week high of $149.01. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. The stock has a market cap of $25.65 billion, a P/E ratio of 141.01 and a beta of 1.13. The business’s 50 day moving average price is $137.47 and its 200-day moving average price is $124.86.

Liberty Broadband Corp Series A (NASDAQ:LBRDA) last issued its earnings results on Friday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter. Liberty Broadband Corp Series A had a net margin of 1,158.25% and a return on equity of 1.72%. The business had revenue of $4.11 million during the quarter. On average, equities analysts anticipate that Liberty Broadband Corp Series A will post 1.11 EPS for the current year.

LBRDA has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Liberty Broadband Corp Series A from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Benchmark raised their price target on shares of Liberty Broadband Corp Series A from $157.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. TD Securities downgraded shares of Liberty Broadband Corp Series A from a “buy” rating to a “hold” rating and set a $165.00 price objective for the company. in a research note on Tuesday, August 18th. TheStreet lowered shares of Liberty Broadband Corp Series A from a “b-” rating to a “c+” rating in a report on Tuesday, May 26th. Finally, Pivotal Research boosted their price target on Liberty Broadband Corp Series A from $193.00 to $211.00 in a report on Friday, September 11th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $157.33.

Liberty Broadband Corp Series A Profile

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.

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

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