Highbridge Capital Management LLC Purchases 208,153 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Highbridge Capital Management LLC boosted its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 22.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,127,951 shares of the company’s stock after purchasing an additional 208,153 shares during the quarter. Liberty Broadband makes up 2.0% of Highbridge Capital Management LLC’s portfolio, making the stock its 8th biggest holding. Highbridge Capital Management LLC owned approximately 0.79% of Liberty Broadband worth $61,834,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Versant Capital Management Inc increased its stake in Liberty Broadband by 4,888.9% during the 2nd quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock worth $25,000 after buying an additional 440 shares during the period. Beach Investment Counsel Inc. PA bought a new position in Liberty Broadband during the 2nd quarter valued at $36,000. Mather Group LLC. grew its holdings in Liberty Broadband by 103.7% during the second quarter. Mather Group LLC. now owns 762 shares of the company’s stock worth $44,000 after acquiring an additional 388 shares during the period. UniSuper Management Pty Ltd grew its stake in shares of Liberty Broadband by 88.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,700 shares of the company’s stock worth $97,000 after purchasing an additional 800 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Liberty Broadband by 163.7% in the 2nd quarter. CWM LLC now owns 2,255 shares of the company’s stock worth $124,000 after acquiring an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Liberty Broadband Stock Up 1.1 %

Shares of LBRDK stock opened at $62.45 on Thursday. The firm’s fifty day moving average price is $61.49 and its two-hundred day moving average price is $55.97. Liberty Broadband Co. has a 1 year low of $46.46 and a 1 year high of $95.53. 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 firm has a market capitalization of $8.92 billion, a P/E ratio of 10.60 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last announced its earnings results on Thursday, August 8th. The company reported $1.36 earnings per share (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 company had revenue of $246.00 million for the quarter, compared to the consensus estimate of $244.25 million. During the same period in the prior year, the business earned $1.71 earnings per share. On average, equities analysts predict that Liberty Broadband Co. will post 9.05 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LBRDK. Rosenblatt Securities increased their price objective 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 upped their price target 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.

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.