Bfsg LLC Purchases 335 Shares of Liberty Broadband Co. (NASDAQ:LBRDA)

Bfsg LLC lifted its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDA) by 11.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,340 shares of the company’s stock after acquiring an additional 335 shares during the quarter. Bfsg LLC’s holdings in Liberty Broadband were worth $182,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. abrdn plc raised its stake in shares of Liberty Broadband by 115.0% during the 4th quarter. abrdn plc now owns 5,404 shares of the company’s stock worth $418,000 after purchasing an additional 2,890 shares during the period. Wilbanks Smith & Thomas Asset Management LLC boosted its stake in Liberty Broadband by 111.5% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 4,977 shares of the company’s stock valued at $401,000 after acquiring an additional 2,624 shares during the last quarter. Gavilan Investment Partners LLC grew its position in shares of Liberty Broadband by 40.4% during the 4th quarter. Gavilan Investment Partners LLC now owns 227,500 shares of the company’s stock valued at $18,346,000 after acquiring an additional 65,500 shares during the period. Principal Securities Inc. purchased a new stake in shares of Liberty Broadband during the 4th quarter worth approximately $51,000. Finally, VisionPoint Advisory Group LLC raised its holdings in shares of Liberty Broadband by 1.6% in the 4th quarter. VisionPoint Advisory Group LLC now owns 30,196 shares of the company’s stock worth $2,435,000 after purchasing an additional 478 shares during the period. 10.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on LBRDA shares. Deutsche Bank Aktiengesellschaft decreased their target price on Liberty Broadband from $104.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 16th. Citigroup lowered Liberty Broadband from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $67.00 to $57.00 in a report on Wednesday, July 3rd. Finally, Evercore ISI dropped their price objective on shares of Liberty Broadband from $106.00 to $72.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd.

Liberty Broadband Stock Performance

Shares of NASDAQ:LBRDA traded down $0.69 during trading on Thursday, hitting $61.93. 65,256 shares of the company were exchanged, compared to its average volume of 141,969. The company has a market cap of $8.85 billion, a PE ratio of 10.51, a P/E/G ratio of 0.14 and a beta of 1.03. Liberty Broadband Co. has a 52-week low of $47.17 and a 52-week high of $95.43. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.81 and a quick ratio of 1.81. The stock has a 50 day moving average of $58.37 and a 200 day moving average of $55.69.

Liberty Broadband (NASDAQ:LBRDA) last issued its earnings results on Thursday, August 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $3.12 by ($1.76). Liberty Broadband had a return on equity of 9.55% and a net margin of 87.75%. The company had revenue of $246.00 million during the quarter. During the same period in the prior year, the company posted $1.71 EPS. As a group, equities research analysts predict that Liberty Broadband Co. will post 12.03 EPS for the current year.

About Liberty Broadband

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.