U.S. Capital Wealth Advisors LLC Makes New $89,000 Investment in Liberty Broadband Co. (NASDAQ:LBRDK)

Posted by Defense World Staff on Apr 30th, 2023

U.S. Capital Wealth Advisors LLC bought a new position in Liberty Broadband Co. (NASDAQ:LBRDK – Get Rating) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,164 shares of the company’s stock, valued at approximately $89,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. raised its position in shares of Liberty Broadband by 10.7% during the 1st quarter. American Century Companies Inc. now owns 10,278 shares of the company’s stock valued at $1,391,000 after buying an additional 995 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in shares of Liberty Broadband during the 1st quarter valued at $382,000. Rhumbline Advisers raised its position in shares of Liberty Broadband by 1.5% during the 1st quarter. Rhumbline Advisers now owns 121,693 shares of the company’s stock valued at $16,467,000 after buying an additional 1,842 shares in the last quarter. Aviva PLC raised its position in shares of Liberty Broadband by 59.4% during the 1st quarter. Aviva PLC now owns 83,019 shares of the company’s stock valued at $11,234,000 after buying an additional 30,923 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Liberty Broadband by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 12,706,439 shares of the company’s stock valued at $1,719,435,000 after purchasing an additional 48,029 shares during the last quarter. 76.81% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Price Performance

Shares of Liberty Broadband stock opened at $84.78 on Friday. The firm has a market cap of $12.40 billion, a PE ratio of 10.66 and a beta of 1.12. Liberty Broadband Co. has a 12-month low of $68.67 and a 12-month high of $126.62. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.30. The company’s fifty day simple moving average is $81.13 and its two-hundred day simple moving average is $83.45.

Liberty Broadband (NASDAQ:LBRDK – Get Rating) last posted its earnings results on Friday, February 17th. The company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.80 by ($0.54). Liberty Broadband had a return on equity of 14.08% and a net margin of 128.92%. The company had revenue of $250.00 million during the quarter, compared to analysts’ expectations of $234.74 million. As a group, equities analysts expect that Liberty Broadband Co. will post 7.52 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on LBRDK. TD Securities reduced their target price on shares of Liberty Broadband from $175.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday, February 21st. StockNews.com began coverage on shares of Liberty Broadband in a report on Thursday, March 16th. They set a “sell” rating on the stock. Rosenblatt Securities reduced their target price on shares of Liberty Broadband from $133.00 to $132.00 and set a “buy” rating on the stock in a report on Friday, February 24th. Finally, Citigroup increased their target price on shares of Liberty Broadband from $111.00 to $115.00 and gave the company a “buy” rating in a report on Friday, March 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $132.00.

Liberty Broadband Profile

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Liberty Broadband Corp. operates as a holding company, which engages in the cable, broadband and mobile location technology businesses. It operates through its subsidiaries, Charter Communications, Inc and TruePosition, Inc The company was founded on March 28, 1991, and is headquartered in Englewood, CO.