Inspire Investing LLC Lowers Position in Liberty Broadband Co. (NASDAQ:LBRDA)

Inspire Investing LLC reduced its position in shares of Liberty Broadband Co. (NASDAQ:LBRDA) by 37.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,889 shares of the company’s stock after selling 2,878 shares during the period. Inspire Investing LLC’s holdings in Liberty Broadband were worth $267,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in LBRDA. Virtu Financial LLC lifted its holdings in Liberty Broadband by 13.1% in the second quarter. Virtu Financial LLC now owns 23,262 shares of the company’s stock valued at $1,270,000 after acquiring an additional 2,686 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of 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 purchasing an additional 104,268 shares during the period. Cowen AND Company LLC acquired a new stake in shares of Liberty Broadband in the second quarter valued at about $4,445,000. Private Management Group Inc. grew its position in Liberty Broadband by 29.8% during the second quarter. Private Management Group Inc. now owns 388,923 shares of the company’s stock worth $21,235,000 after buying an additional 89,317 shares during the period. Finally, Arizona State Retirement System purchased a new position in Liberty Broadband in the second quarter valued at about $251,000. Institutional investors and hedge funds own 10.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LBRDA shares. Evercore ISI dropped their price objective on Liberty Broadband from $106.00 to $72.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft dropped their price target 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, Citigroup lowered shares of Liberty Broadband from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $67.00 to $57.00 in a research report on Wednesday, July 3rd.

Liberty Broadband Trading Up 28.4 %

Shares of Liberty Broadband stock opened at $76.87 on Wednesday. Liberty Broadband Co. has a 1 year low of $47.17 and a 1 year high of $95.08. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.68 and a quick ratio of 1.68. The business has a 50 day moving average price of $61.18 and a 200 day moving average price of $55.84. The company has a market capitalization of $10.98 billion, a P/E ratio of 13.05 and a beta of 1.04.

Liberty Broadband (NASDAQ:LBRDA) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.12 by ($1.76). The company had revenue of $246.00 million during the quarter. Liberty Broadband had a net margin of 81.86% and a return on equity of 8.79%. During the same quarter in the prior year, the company earned $1.71 EPS.

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.