Brown Brothers Harriman & Co. Sells 227 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Brown Brothers Harriman & Co. cut its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 5.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,257 shares of the company’s stock after selling 227 shares during the period. Brown Brothers Harriman & Co.’s holdings in Liberty Broadband were worth $233,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LBRDK. FORA Capital LLC purchased a new stake in shares of Liberty Broadband in the first quarter worth $1,855,000. Mango Investments LLC purchased a new position in Liberty Broadband in the 4th quarter worth approximately $49,570,000. Qsemble Capital Management LP bought a new position in Liberty Broadband in the 1st quarter worth approximately $1,308,000. SG Americas Securities LLC grew its holdings in Liberty Broadband by 1,551.1% during the 1st quarter. SG Americas Securities LLC now owns 66,970 shares of the company’s stock valued at $3,833,000 after buying an additional 62,914 shares in the last quarter. Finally, Bridgewater Associates LP raised its position in shares of Liberty Broadband by 23.4% during the fourth quarter. Bridgewater Associates LP now owns 265,860 shares of the company’s stock valued at $21,426,000 after buying an additional 50,361 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on LBRDK. Rosenblatt Securities raised their target price on shares of Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Morgan Stanley raised their price objective on Liberty Broadband from $62.00 to $69.00 and gave the company an “equal weight” rating in a research report on Friday, July 19th.

Liberty Broadband Trading Up 1.1 %

Shares of NASDAQ LBRDK opened at $62.45 on Thursday. The stock has a market capitalization of $8.92 billion, a P/E ratio of 10.60 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.68 and a quick ratio of 1.68. The business’s 50 day moving average is $61.49 and its two-hundred day moving average is $55.97. Liberty Broadband Co. has a 1-year low of $46.46 and a 1-year high of $95.53.

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

Liberty Broadband Profile

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.