Robeco Institutional Asset Management B.V. Has $2.44 Million Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Posted by on May 5th, 2023

Robeco Institutional Asset Management B.V. trimmed its position in Liberty Broadband Co. (NASDAQ:LBRDK – Get Rating) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,980 shares of the company’s stock after selling 134 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Liberty Broadband were worth $2,439,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Liberty Broadband by 701.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 433 shares of the company’s stock worth $33,000 after acquiring an additional 379 shares in the last quarter. Wipfli Financial Advisors LLC bought a new stake in Liberty Broadband during the 3rd quarter worth approximately $45,000. Nisa Investment Advisors LLC raised its holdings in Liberty Broadband by 34.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 625 shares of the company’s stock worth $48,000 after buying an additional 160 shares during the period. Alta Advisers Ltd bought a new position in Liberty Broadband in the third quarter valued at approximately $52,000. Finally, Covestor Ltd increased its position in shares of Liberty Broadband by 301.5% during the first quarter. Covestor Ltd now owns 783 shares of the company’s stock worth $106,000 after acquiring an additional 588 shares in the last quarter. Institutional investors own 76.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. StockNews.com began coverage on shares of Liberty Broadband in a research report on Thursday, March 16th. They issued a “sell” rating on the stock. Pivotal Research decreased their price objective on Liberty Broadband from $150.00 to $138.00 in a report on Wednesday. Citigroup boosted their target price on Liberty Broadband from $111.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, March 3rd. Rosenblatt Securities decreased their price target on shares of Liberty Broadband from $133.00 to $132.00 and set a “buy” rating for the company in a research note on Friday, February 24th. Finally, TD Securities cut their price objective on shares of Liberty Broadband from $175.00 to $160.00 and set a “buy” rating on the stock in a research report on Tuesday, February 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $127.60.

Liberty Broadband Trading Down 2.5 %

NASDAQ LBRDK opened at $79.53 on Friday. Liberty Broadband Co. has a 12 month low of $68.67 and a 12 month high of $126.62. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average of $80.45 and a 200-day moving average of $83.57. The company has a market cap of $11.64 billion, a PE ratio of 11.96 and a beta of 1.12.

Liberty Broadband (NASDAQ:LBRDK – Get Rating) last announced its quarterly earnings results on Friday, February 17th. The company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.54). The firm had revenue of $250.00 million during the quarter, compared to analyst estimates of $234.74 million. Liberty Broadband had a net margin of 128.92% and a return on equity of 14.08%. On average, equities research analysts anticipate that Liberty Broadband Co. will post 7.52 EPS for the current fiscal year.

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.

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

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