Oppenheimer Asset Management Inc. Increases Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

Oppenheimer Asset Management Inc. boosted its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 50.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,569 shares of the company’s stock after purchasing an additional 13,320 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Liberty Broadband were worth $2,169,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Versant Capital Management Inc raised its stake in shares of Liberty Broadband by 4,888.9% in the second quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock worth $25,000 after purchasing an additional 440 shares during the last quarter. Beach Investment Counsel Inc. PA acquired a new position in Liberty Broadband in the 2nd quarter worth approximately $36,000. Mather Group LLC. raised its position in Liberty Broadband by 103.7% during the 2nd quarter. Mather Group LLC. now owns 762 shares of the company’s stock worth $44,000 after buying an additional 388 shares during the last quarter. UniSuper Management Pty Ltd lifted its stake in Liberty Broadband by 88.9% during the 1st quarter. UniSuper Management Pty Ltd now owns 1,700 shares of the company’s stock valued at $97,000 after acquiring an additional 800 shares during the period. Finally, CWM LLC boosted its holdings in shares of Liberty Broadband by 163.7% in the 2nd quarter. CWM LLC now owns 2,255 shares of the company’s stock valued at $124,000 after acquiring an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Morgan Stanley upped their target price on Liberty Broadband from $62.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Friday, July 19th. Rosenblatt Securities lifted their target price on shares of Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a report on Wednesday, August 14th.

Liberty Broadband Stock Down 0.0 %

Shares of NASDAQ LBRDK opened at $61.79 on Wednesday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average of $61.29 and a 200 day moving average of $55.92. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $95.53. The stock has a market cap of $8.83 billion, a PE ratio of 10.49 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings data on Thursday, August 8th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.51 by ($1.15). Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. The company had revenue of $246.00 million for the quarter, compared to analyst estimates of $244.25 million. During the same period last year, the firm posted $1.71 EPS. As a group, sell-side analysts predict that Liberty Broadband Co. will post 9.05 EPS for the current fiscal year.

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.