Jane Street Group LLC acquired a new position in shares of Liberty Broadband Corp Series A (NASDAQ:LBRDA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,912 shares of the company’s stock, valued at approximately $674,000.

A number of other institutional investors and hedge funds also recently modified their holdings of LBRDA. Wells Fargo & Company MN lifted its holdings in Liberty Broadband Corp Series A by 1.9% during the 1st quarter. Wells Fargo & Company MN now owns 91,773 shares of the company’s stock worth $7,782,000 after purchasing an additional 1,745 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Liberty Broadband Corp Series A by 11.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 40,094 shares of the company’s stock worth $3,400,000 after purchasing an additional 4,058 shares in the last quarter. Northern Trust Corp lifted its holdings in Liberty Broadband Corp Series A by 2.5% during the 1st quarter. Northern Trust Corp now owns 109,255 shares of the company’s stock worth $9,265,000 after purchasing an additional 2,647 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Liberty Broadband Corp Series A by 122.9% during the 1st quarter. JPMorgan Chase & Co. now owns 6,251 shares of the company’s stock worth $530,000 after purchasing an additional 3,446 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in Liberty Broadband Corp Series A by 38.1% during the 1st quarter. Stifel Financial Corp now owns 5,816 shares of the company’s stock worth $426,000 after purchasing an additional 1,606 shares in the last quarter. 12.39% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ LBRDA opened at $79.81 on Thursday. The stock has a market capitalization of $15.29 billion, a price-to-earnings ratio of 7.31 and a beta of 1.38. The company has a debt-to-equity ratio of 0.05, a quick ratio of 8.49 and a current ratio of 8.49. Liberty Broadband Corp Series A has a twelve month low of $67.75 and a twelve month high of $98.53.

Liberty Broadband Corp Series A (NASDAQ:LBRDA) last announced its earnings results on Wednesday, August 8th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). The business had revenue of $3.37 million during the quarter. Liberty Broadband Corp Series A had a return on equity of 20.47% and a net margin of 9,285.42%. Research analysts forecast that Liberty Broadband Corp Series A will post 0.49 EPS for the current fiscal year.

LBRDA has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Liberty Broadband Corp Series A from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 31st. BidaskClub upgraded Liberty Broadband Corp Series A from a “sell” rating to a “hold” rating in a research note on Wednesday, September 5th. Deutsche Bank decreased their target price on Liberty Broadband Corp Series A from $107.00 to $101.00 and set a “buy” rating on the stock in a research note on Tuesday, August 14th. Finally, Macquarie upped their target price on Liberty Broadband Corp Series A from $84.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $105.60.

About Liberty Broadband Corp Series A

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential and commercial customers in the United States. It 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 understanding the precise geographic location and movement of mobile devices; enhancing the location determination capabilities of a hybrid location system.

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Institutional Ownership by Quarter for Liberty Broadband Corp Series A (NASDAQ:LBRDA)

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