Ridgewood Investments LLC Makes New $202,000 Investment in Liberty Broadband Corp Series C (NASDAQ:LBRDK)

Ridgewood Investments LLC purchased a new position in shares of Liberty Broadband Corp Series C (NASDAQ:LBRDK) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 1,610 shares of the company’s stock, valued at approximately $202,000.

A number of other institutional investors have also modified their holdings of the business. Steward Partners Investment Advisory LLC grew its stake in shares of Liberty Broadband Corp Series C by 359.3% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 248 shares of the company’s stock valued at $25,000 after buying an additional 194 shares during the period. Commonwealth Bank of Australia grew its stake in shares of Liberty Broadband Corp Series C by 81.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 363 shares of the company’s stock valued at $35,000 after buying an additional 163 shares during the period. Carroll Financial Associates Inc. grew its stake in shares of Liberty Broadband Corp Series C by 223.5% in the 4th quarter. Carroll Financial Associates Inc. now owns 317 shares of the company’s stock valued at $39,000 after buying an additional 219 shares during the period. Allred Capital Management LLC acquired a new stake in shares of Liberty Broadband Corp Series C in the 4th quarter valued at about $39,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Liberty Broadband Corp Series C by 33.3% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 420 shares of the company’s stock valued at $44,000 after buying an additional 105 shares during the period. Hedge funds and other institutional investors own 54.80% of the company’s stock.

LBRDK has been the subject of several research reports. Citigroup initiated coverage on Liberty Broadband Corp Series C in a research note on Friday, October 4th. They issued a “buy” rating and a $125.00 target price for the company. ValuEngine downgraded Liberty Broadband Corp Series C from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a research note on Saturday, January 4th. Finally, TD Securities downgraded Liberty Broadband Corp Series C from a “buy” rating to a “hold” rating and set a $135.00 target price for the company. in a research note on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $129.75.

LBRDK stock opened at $130.64 on Thursday. The company has a market capitalization of $23.55 billion, a P/E ratio of 343.79 and a beta of 1.24. The company has a debt-to-equity ratio of 0.05, a quick ratio of 8.04 and a current ratio of 8.04. Liberty Broadband Corp Series C has a 52-week low of $72.19 and a 52-week high of $131.32. The business has a 50-day simple moving average of $123.61 and a two-hundred day simple moving average of $111.78.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last released its quarterly earnings results on Friday, November 1st. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.29). The company had revenue of $3.71 million for the quarter. Liberty Broadband Corp Series C had a net margin of 276.33% and a return on equity of 0.38%. As a group, sell-side analysts forecast that Liberty Broadband Corp Series C will post 0.98 earnings per share for the current fiscal year.

In other Liberty Broadband Corp Series C news, CEO Gregory B. Maffei sold 138,728 shares of Liberty Broadband Corp Series C stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $116.06, for a total transaction of $16,100,771.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 10.80% of the stock is currently owned by insiders.

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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