Liberty Broadband Corporation $LBRDA Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDA) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,679,806 shares of the company’s stock after purchasing an additional 91,276 shares during the period. Vanguard Group Inc. owned 1.17% of Liberty Broadband worth $81,101,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of LBRDA. Quent Capital LLC acquired a new position in Liberty Broadband during the third quarter worth approximately $36,000. Franklin Resources Inc. increased its position in Liberty Broadband by 66.2% during the second quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock worth $60,000 after purchasing an additional 245 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in Liberty Broadband during the third quarter worth approximately $144,000. CIBC Private Wealth Group LLC increased its position in Liberty Broadband by 26.4% during the third quarter. CIBC Private Wealth Group LLC now owns 2,621 shares of the company’s stock worth $166,000 after purchasing an additional 547 shares during the last quarter. Finally, CWM LLC increased its position in shares of Liberty Broadband by 223.4% in the fourth quarter. CWM LLC now owns 3,612 shares of the company’s stock worth $174,000 after acquiring an additional 2,495 shares in the last quarter. Institutional investors and hedge funds own 10.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Broadband in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Liberty Broadband presently has an average rating of “Sell”.

Liberty Broadband Price Performance

Liberty Broadband stock opened at $33.31 on Thursday. Liberty Broadband Corporation has a 52-week low of $32.98 and a 52-week high of $102.38. The firm has a fifty day moving average of $48.46 and a 200-day moving average of $48.93. The firm has a market capitalization of $4.78 billion, a P/E ratio of -1.74 and a beta of 0.70. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.27.

Liberty Broadband (NASDAQ:LBRDA) last released its quarterly earnings data on Tuesday, April 28th. The company reported $1.41 earnings per share (EPS) for the quarter.

Liberty Broadband Profile

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter’s Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.