Rhumbline Advisers Has $1.83 Million Stake in Liberty Broadband Co. (NASDAQ:LBRDA)

Rhumbline Advisers increased its position in shares of Liberty Broadband Co. (NASDAQ:LBRDA) by 65.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,569 shares of the company’s stock after purchasing an additional 13,278 shares during the period. Rhumbline Advisers’ holdings in Liberty Broadband were worth $1,833,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LBRDA. Versor Investments LP bought a new position in shares of Liberty Broadband in the 2nd quarter valued at $251,000. Signaturefd LLC increased its holdings in Liberty Broadband by 184.3% during the 2nd quarter. Signaturefd LLC now owns 1,942 shares of the company’s stock worth $106,000 after purchasing an additional 1,259 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Liberty Broadband by 166,900.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,670 shares of the company’s stock worth $91,000 after purchasing an additional 1,669 shares in the last quarter. Bfsg LLC increased its holdings in Liberty Broadband by 11.1% during the 2nd quarter. Bfsg LLC now owns 3,340 shares of the company’s stock worth $182,000 after purchasing an additional 335 shares in the last quarter. Finally, Whittier Trust Co. bought a new position in shares of Liberty Broadband in the second quarter valued at approximately $129,000. 10.29% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Price Performance

LBRDA stock opened at $59.01 on Friday. The firm has a 50 day moving average price of $60.70 and a 200-day moving average price of $55.69. Liberty Broadband Co. has a 52-week low of $47.17 and a 52-week high of $95.08. The firm has a market capitalization of $8.43 billion, a price-to-earnings ratio of 10.02 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.68 and a current ratio of 1.68.

Liberty Broadband (NASDAQ:LBRDA) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $3.12 by ($1.76). 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 during the quarter. During the same period in the prior year, the firm posted $1.71 EPS.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Citigroup lowered Liberty Broadband from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $67.00 to $57.00 in a report on Wednesday, July 3rd. Deutsche Bank Aktiengesellschaft lowered their price objective on Liberty Broadband from $104.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. Finally, Evercore ISI reduced their target price on Liberty Broadband from $106.00 to $72.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd.

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.