Alpine Group USVI LLC Takes Position in Liberty Broadband Corp Series C (NASDAQ:LBRDK)

Alpine Group USVI LLC bought a new stake in Liberty Broadband Corp Series C (NASDAQ:LBRDK) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 42,826 shares of the company’s stock, valued at approximately $4,483,000. Liberty Broadband Corp Series C comprises 1.1% of Alpine Group USVI LLC’s investment portfolio, making the stock its 16th largest position.

Several other institutional investors have also recently bought and sold shares of LBRDK. Raymond James Financial Services Advisors Inc. raised its stake in Liberty Broadband Corp Series C by 111.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,831 shares of the company’s stock valued at $627,000 after acquiring an additional 3,595 shares during the last quarter. Advisory Alpha LLC purchased a new stake in Liberty Broadband Corp Series C during the 1st quarter valued at approximately $26,000. Andra AP fonden purchased a new stake in Liberty Broadband Corp Series C during the 1st quarter valued at approximately $6,211,000. Northeast Financial Consultants Inc purchased a new stake in Liberty Broadband Corp Series C during the 1st quarter valued at approximately $453,000. Finally, Marshall Wace LLP acquired a new position in Liberty Broadband Corp Series C during the 1st quarter worth approximately $649,000. 54.29% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on LBRDK shares. Zacks Investment Research upgraded Liberty Broadband Corp Series C from a “strong sell” rating to a “hold” rating in a report on Thursday. ValuEngine cut Liberty Broadband Corp Series C from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. BidaskClub upgraded Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating in a report on Wednesday, August 28th. Citigroup started coverage on Liberty Broadband Corp Series C in a report on Friday, October 4th. They set a “buy” rating and a $125.00 target price on the stock. Finally, Morgan Stanley increased their target price on Liberty Broadband Corp Series C from $110.00 to $117.00 and gave the company an “equal weight” rating in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $119.25.

NASDAQ:LBRDK traded down $0.31 during trading hours on Friday, reaching $107.04. 31,779 shares of the company traded hands, compared to its average volume of 625,484. The firm’s 50-day moving average is $105.87 and its 200-day moving average is $101.39. The stock has a market cap of $19.50 billion, a P/E ratio of 283.00 and a beta of 1.25. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.53 and a quick ratio of 2.53. Liberty Broadband Corp Series C has a 1-year low of $68.47 and a 1-year high of $109.72.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.37). Liberty Broadband Corp Series C had a return on equity of 0.68% and a net margin of 504.89%. The business had revenue of $3.75 million for the quarter. As a group, research analysts predict that Liberty Broadband Corp Series C will post 1.11 earnings per share for the current year.

Liberty Broadband Corp Series C Profile

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.

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Institutional Ownership by Quarter for Liberty Broadband Corp Series C (NASDAQ:LBRDK)

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