Liberty Broadband Co. (NASDAQ:LBRDA) Stock Holdings Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA) by 10.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,578 shares of the company’s stock after purchasing an additional 1,352 shares during the period. JPMorgan Chase & Co.’s holdings in Liberty Broadband were worth $1,120,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in Liberty Broadband by 38.3% during the second quarter. Dimensional Fund Advisors LP now owns 376,293 shares of the company’s stock worth $20,544,000 after purchasing an additional 104,268 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Liberty Broadband by 13.2% during the second quarter. Sei Investments Co. now owns 13,826 shares of the company’s stock worth $755,000 after purchasing an additional 1,616 shares during the period. Bank of Montreal Can lifted its position in shares of Liberty Broadband by 1,265.6% in the 2nd quarter. Bank of Montreal Can now owns 8,221 shares of the company’s stock worth $450,000 after buying an additional 7,619 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Liberty Broadband in the 2nd quarter valued at about $419,000. Finally, Long Focus Capital Management LLC grew its position in shares of Liberty Broadband by 61.9% during the 2nd quarter. Long Focus Capital Management LLC now owns 370,100 shares of the company’s stock valued at $20,207,000 after buying an additional 141,500 shares during the last quarter. 10.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Liberty Broadband

In other news, CEO Gregory B. Maffei sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,435,256 shares of the company’s stock, valued at $114,447,313.44. This trade represents a 8.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders have sold 196,542 shares of company stock worth $15,834,108. 14.19% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $95.00 target price (up previously from $90.00) on shares of Liberty Broadband in a report on Friday, November 15th. Rosenblatt Securities downgraded Liberty Broadband from a “buy” rating to a “neutral” rating and raised their price target for the stock from $91.00 to $92.00 in a report on Thursday, November 14th.

Liberty Broadband Stock Performance

Shares of LBRDA stock opened at $80.55 on Friday. The stock’s fifty day simple moving average is $79.46 and its 200-day simple moving average is $72.78. The company has a market capitalization of $11.51 billion, a price-to-earnings ratio of 14.83 and a beta of 1.06. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband Co. has a 1-year low of $47.17 and a 1-year high of $100.44.

Liberty Broadband (NASDAQ:LBRDA) last released its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.66). The business had revenue of $262.00 million for the quarter, compared to analysts’ expectations of $242.40 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same period last year, the firm earned $1.10 EPS.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.