AQR Capital Management LLC Makes New $326,000 Investment in Liberty Broadband Co. (NASDAQ:LBRDK)

AQR Capital Management LLC purchased a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 5,941 shares of the company’s stock, valued at approximately $326,000.

Several other institutional investors have also recently made changes to their positions in LBRDK. Wealthspire Advisors LLC boosted its stake in shares of Liberty Broadband by 6.7% during the 1st quarter. Wealthspire Advisors LLC now owns 4,244 shares of the company’s stock worth $243,000 after acquiring an additional 268 shares during the period. Wahed Invest LLC boosted its stake in shares of Liberty Broadband by 14.2% during the 1st quarter. Wahed Invest LLC now owns 2,266 shares of the company’s stock worth $130,000 after acquiring an additional 281 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Liberty Broadband by 4.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 7,845 shares of the company’s stock worth $449,000 after acquiring an additional 300 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Liberty Broadband by 1.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 16,199 shares of the company’s stock worth $919,000 after acquiring an additional 302 shares during the period. Finally, Mather Group LLC. boosted its stake in Liberty Broadband by 103.7% in the 2nd quarter. Mather Group LLC. now owns 762 shares of the company’s stock valued at $44,000 after purchasing an additional 388 shares during the period. Institutional investors and hedge funds own 80.22% of the company’s stock.

Analysts Set New Price Targets

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

Liberty Broadband Trading Down 0.1 %

Shares of LBRDK stock opened at $80.15 on Thursday. Liberty Broadband Co. has a 1-year low of $46.46 and a 1-year high of $94.93. 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 stock has a 50-day moving average of $67.49 and a 200-day moving average of $58.54. The stock has a market cap of $11.45 billion, a price-to-earnings ratio of 13.61 and a beta of 1.03.

Liberty Broadband (NASDAQ:LBRDK) last announced its earnings results on Thursday, August 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate 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 previous year, the company earned $1.71 EPS. On average, equities research analysts forecast that Liberty Broadband Co. will post 8.45 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total value of $338,624.88. Following the completion of the sale, the insider now directly owns 3,670 shares of the company’s stock, valued at $280,975.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total transaction of $167,454.72. Following the sale, the chief accounting officer now directly owns 11,054 shares in the company, valued at $838,335.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $338,624.88. Following the transaction, the insider now owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 10.80% of the company’s stock.

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.