Dimensional Fund Advisors LP Increases Holdings in Liberty Broadband Co. (NASDAQ:LBRDK)

Dimensional Fund Advisors LP grew its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 19.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,062,256 shares of the company’s stock after buying an additional 330,159 shares during the quarter. Dimensional Fund Advisors LP owned 1.44% of Liberty Broadband worth $113,045,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its position in Liberty Broadband by 426.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,397,069 shares of the company’s stock worth $76,587,000 after purchasing an additional 1,131,743 shares during the period. Mango Investments LLC purchased a new stake in Liberty Broadband in the 4th quarter worth about $49,570,000. Whitebox Advisors LLC raised its position in Liberty Broadband by 17.9% in the 1st quarter. Whitebox Advisors LLC now owns 2,300,322 shares of the company’s stock worth $131,647,000 after purchasing an additional 349,400 shares during the period. Natixis Advisors LLC raised its position in Liberty Broadband by 147.6% in the 2nd quarter. Natixis Advisors LLC now owns 425,921 shares of the company’s stock worth $23,349,000 after purchasing an additional 253,884 shares during the period. Finally, Vanguard Group Inc. raised its position in Liberty Broadband by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 11,213,505 shares of the company’s stock worth $903,696,000 after purchasing an additional 243,156 shares during the period. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Price Performance

NASDAQ LBRDK opened at $61.04 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.68 and a current ratio of 1.68. The firm’s 50 day moving average price is $61.81 and its 200-day moving average price is $56.04. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $95.53. The company has a market cap of $8.72 billion, a PE ratio of 10.36 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 (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($1.15). Liberty Broadband had a net margin of 81.86% and a return on equity of 8.79%. The business had revenue of $246.00 million for the quarter, compared to the consensus estimate of $244.25 million. During the same quarter in the prior year, the business posted $1.71 earnings per share. Sell-side analysts forecast that Liberty Broadband Co. will post 9.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Liberty Broadband Company 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.