Virtu Financial LLC Increases Stake in Liberty Broadband Co. (NASDAQ:LBRDA)

Virtu Financial LLC increased its holdings in Liberty Broadband Co. (NASDAQ:LBRDA) by 13.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,262 shares of the company’s stock after acquiring an additional 2,686 shares during the quarter. Virtu Financial LLC’s holdings in Liberty Broadband were worth $1,270,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in Liberty Broadband by 38.3% in the second quarter. Dimensional Fund Advisors LP now owns 376,293 shares of the company’s stock valued at $20,544,000 after buying an additional 104,268 shares during the last quarter. Cowen AND Company LLC acquired a new stake in shares of Liberty Broadband in the second quarter worth approximately $4,445,000. Private Management Group Inc. boosted its stake in Liberty Broadband by 29.8% during the 2nd quarter. Private Management Group Inc. now owns 388,923 shares of the company’s stock worth $21,235,000 after purchasing an additional 89,317 shares during the last quarter. Arizona State Retirement System purchased a new stake in Liberty Broadband during the 2nd quarter valued at about $251,000. Finally, Rhumbline Advisers increased its holdings in shares of Liberty Broadband by 65.4% in the second quarter. Rhumbline Advisers now owns 33,569 shares of the company’s stock valued at $1,833,000 after purchasing an additional 13,278 shares during the last quarter. Hedge funds and other institutional investors own 10.29% of the company’s stock.

Liberty Broadband Trading Up 1.2 %

Shares of LBRDA stock opened at $61.43 on Thursday. The business’s 50 day moving average is $60.50 and its two-hundred day moving average is $55.64. Liberty Broadband Co. has a twelve month low of $47.17 and a twelve month high of $95.08. 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 market capitalization of $8.78 billion, a P/E ratio of 10.43 and a beta of 1.04.

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

Analyst Upgrades and Downgrades

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

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.