Stonegate Investment Group LLC Takes $203,000 Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Stonegate Investment Group LLC bought a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDKGet Rating) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,261 shares of the company’s stock, valued at approximately $203,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its stake in Liberty Broadband by 17.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,005,383 shares of the company’s stock worth $967,467,000 after purchasing an additional 897,427 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Liberty Broadband by 101.3% in the third quarter. Goldman Sachs Group Inc. now owns 1,362,027 shares of the company’s stock worth $235,222,000 after acquiring an additional 685,481 shares during the last quarter. UBS Group AG grew its stake in shares of Liberty Broadband by 53.1% in the third quarter. UBS Group AG now owns 1,863,628 shares of the company’s stock worth $321,849,000 after acquiring an additional 646,545 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Liberty Broadband by 30.3% in the fourth quarter. Bank of America Corp DE now owns 2,154,186 shares of the company’s stock worth $347,039,000 after acquiring an additional 500,607 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Liberty Broadband by 1,630.1% in the third quarter. Jane Street Group LLC now owns 344,983 shares of the company’s stock worth $59,579,000 after acquiring an additional 325,043 shares during the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on the company. Rosenblatt Securities assumed coverage on Liberty Broadband in a report on Tuesday, April 19th. They set a “buy” rating and a $222.00 price target on the stock. TheStreet downgraded Liberty Broadband from a “b-” rating to a “c+” rating in a report on Monday. TD Securities lowered their price target on Liberty Broadband from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, May 9th. StockNews.com raised Liberty Broadband from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Pivotal Research lowered their price target on Liberty Broadband to $160.00 and set a “na” rating on the stock in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $190.14.

In other news, Director J David Wargo purchased 300 shares of the business’s stock in a transaction on Tuesday, May 10th. The stock was acquired at an average price of $110.76 per share, for a total transaction of $33,228.00. Following the acquisition, the director now directly owns 32,214 shares of the company’s stock, valued at approximately $3,568,022.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 10.80% of the company’s stock.

NASDAQ:LBRDK opened at $117.04 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.42. Liberty Broadband Co. has a 12-month low of $107.40 and a 12-month high of $194.05. The stock has a 50-day moving average price of $130.46 and a 200 day moving average price of $145.82. The stock has a market capitalization of $19.05 billion, a P/E ratio of 21.40 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDKGet Rating) last released its earnings results on Friday, February 25th. The company reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.47. Liberty Broadband had a return on equity of 10.12% and a net margin of 99.93%. The firm had revenue of $248.96 million during the quarter, compared to analysts’ expectations of $237.94 million. On average, research analysts predict that Liberty Broadband Co. will post 7.15 earnings per share for the current fiscal year.

About Liberty Broadband (Get Rating)

Liberty Broadband Corporation engages in the communications businesses. It operates through GCI Holdings and Charter segments. The GCI Holdings segment provides a range of wireless, data, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions primarily in Alaska under the GCI brand.

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

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