First Manhattan CO. LLC. Has $5.49 Million Holdings in Liberty Broadband Co. (NASDAQ:LBRDA)

First Manhattan CO. LLC. boosted its position in shares of Liberty Broadband Co. (NASDAQ:LBRDA) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,784 shares of the company’s stock after buying an additional 774 shares during the period. First Manhattan CO. LLC. owned approximately 0.05% of Liberty Broadband worth $5,487,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Deutsche Bank AG boosted its stake in Liberty Broadband by 106.0% in the fourth quarter. Deutsche Bank AG now owns 3,360 shares of the company’s stock valued at $250,000 after buying an additional 1,729 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Liberty Broadband by 82.9% in the 4th quarter. BNP Paribas Financial Markets now owns 97,465 shares of the company’s stock valued at $7,247,000 after purchasing an additional 44,173 shares in the last quarter. Aristeia Capital L.L.C. increased its position in Liberty Broadband by 9.1% during the 4th quarter. Aristeia Capital L.L.C. now owns 1,675,445 shares of the company’s stock worth $124,586,000 after purchasing an additional 139,186 shares in the last quarter. Whitebox Advisors LLC lifted its stake in Liberty Broadband by 74.6% in the 4th quarter. Whitebox Advisors LLC now owns 206,296 shares of the company’s stock valued at $15,340,000 after purchasing an additional 88,145 shares during the last quarter. Finally, Rehmann Capital Advisory Group boosted its position in Liberty Broadband by 7.7% in the fourth quarter. Rehmann Capital Advisory Group now owns 5,109 shares of the company’s stock valued at $380,000 after buying an additional 366 shares in the last quarter. 10.29% of the stock is owned by institutional investors.

Liberty Broadband Price Performance

LBRDA stock opened at $91.92 on Friday. The company has a market capitalization of $13.17 billion, a P/E ratio of 16.93 and a beta of 1.02. The company has a fifty day moving average price of $82.45 and a 200-day moving average price of $81.52. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. Liberty Broadband Co. has a 52-week low of $49.68 and a 52-week high of $100.44.

Liberty Broadband (NASDAQ:LBRDA) last announced its earnings results on Wednesday, May 7th. The company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.20 by $0.67. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $266.00 million for the quarter, compared to the consensus estimate of $248.60 million.

Analyst Ratings Changes

Separately, Benchmark dropped their price target on Liberty Broadband from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $86.20.

Liberty Broadband Profile

Liberty Broadband Corporation engages in the communications businesses. The company’s GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.