Bamco Inc. NY Trims Stake in Liberty Broadband Co. (NASDAQ:LBRDK)

Bamco Inc. NY reduced its position in Liberty Broadband Co. (NASDAQ:LBRDK) by 7.0% in the first quarter, Holdings Channel.com reports. The firm owned 14,580 shares of the company’s stock after selling 1,092 shares during the quarter. Bamco Inc. NY’s holdings in Liberty Broadband were worth $834,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its stake in shares of Liberty Broadband by 423.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 978 shares of the company’s stock valued at $79,000 after acquiring an additional 791 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Liberty Broadband by 40.1% in the 4th quarter. Van ECK Associates Corp now owns 1,318 shares of the company’s stock valued at $106,000 after acquiring an additional 377 shares during the last quarter. UniSuper Management Pty Ltd lifted 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 valued at $97,000 after acquiring an additional 800 shares during the last quarter. TFO Wealth Partners LLC lifted its stake in shares of Liberty Broadband by 146,200.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,926 shares of the company’s stock valued at $236,000 after acquiring an additional 2,924 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Liberty Broadband in the 4th quarter valued at about $242,000. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Stock Up 1.9 %

Shares of Liberty Broadband stock traded up $1.21 during midday trading on Monday, hitting $65.98. The company had a trading volume of 846,629 shares, compared to its average volume of 1,222,004. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 1.81. The stock has a market capitalization of $9.43 billion, a P/E ratio of 11.00 and a beta of 1.01. The company has a 50 day moving average of $53.50 and a 200 day moving average of $57.40. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $95.68.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $1.69 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($0.69). The company had revenue of $245.00 million during the quarter, compared to analysts’ expectations of $244.41 million. Liberty Broadband had a return on equity of 9.55% and a net margin of 87.75%. On average, equities analysts predict that Liberty Broadband Co. will post 9.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Morgan Stanley boosted their target price on Liberty Broadband from $62.00 to $69.00 and gave the company an “equal weight” rating in a research note on Friday, July 19th.

Liberty Broadband 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.