Moors & Cabot Inc. purchased a new position in Liberty Broadband Co. (NASDAQ:LBRDK – Get Rating) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 1,606 shares of the company’s stock, valued at approximately $259,000.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Liberty Broadband by 0.7% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 18,375 shares of the company’s stock valued at $1,356,000 after purchasing an additional 130 shares during the period. Captrust Financial Advisors increased its position in shares of Liberty Broadband by 3.3% during the second quarter. Captrust Financial Advisors now owns 4,340 shares of the company’s stock valued at $502,000 after purchasing an additional 139 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Liberty Broadband by 1.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 9,791 shares of the company’s stock valued at $747,000 after purchasing an additional 158 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Liberty Broadband by 34.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 625 shares of the company’s stock valued at $48,000 after purchasing an additional 160 shares during the period. Finally, Commerce Bank increased its position in shares of Liberty Broadband by 1.7% during the third quarter. Commerce Bank now owns 10,454 shares of the company’s stock valued at $772,000 after purchasing an additional 174 shares during the period. 76.81% of the stock is currently owned by institutional investors.
Liberty Broadband Price Performance
Shares of LBRDK stock opened at $77.54 on Monday. The stock’s fifty day simple moving average is $78.98 and its 200 day simple moving average is $83.53. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market cap of $11.34 billion, a price-to-earnings ratio of 11.66 and a beta of 1.12. Liberty Broadband Co. has a one year low of $68.67 and a one year high of $126.62.
Insiders Place Their Bets
In other Liberty Broadband news, CAO Brian J. Wendling sold 6,419 shares of the business’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $77.59, for a total value of $498,050.21. Following the transaction, the chief accounting officer now owns 12,274 shares of the company’s stock, valued at $952,339.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 10.80% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the company. Rosenblatt Securities lowered their price objective on Liberty Broadband from $133.00 to $132.00 and set a “buy” rating on the stock in a research report on Friday, February 24th. Citigroup boosted their price objective on Liberty Broadband from $111.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, March 3rd. TD Securities lowered their price objective on Liberty Broadband from $175.00 to $160.00 and set a “buy” rating on the stock in a research report on Tuesday, February 21st. StockNews.com began coverage on Liberty Broadband in a research note on Thursday. They issued a “sell” rating on the stock. Finally, Pivotal Research decreased their price target on Liberty Broadband from $150.00 to $138.00 in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $127.60.
About Liberty Broadband
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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