Quantinno Capital Management LP Buys 37,519 Shares of Liberty Broadband Corporation $LBRDA

Quantinno Capital Management LP lifted its stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDA) by 47.8% during the first quarter, Holdings Channel reports. The fund owned 116,012 shares of the company’s stock after buying an additional 37,519 shares during the quarter. Quantinno Capital Management LP’s holdings in Liberty Broadband were worth $5,826,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of LBRDA. Comerica Bank increased its stake in Liberty Broadband by 104.2% in the fourth quarter. Comerica Bank now owns 1,027 shares of the company’s stock valued at $50,000 after purchasing an additional 524 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Liberty Broadband by 66.2% during the 2nd quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock worth $60,000 after purchasing an additional 245 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its stake in shares of Liberty Broadband by 22.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,377 shares of the company’s stock valued at $66,000 after buying an additional 248 shares during the period. Parallel Advisors LLC grew its stake in shares of Liberty Broadband by 388.4% in the 1st quarter. Parallel Advisors LLC now owns 2,154 shares of the company’s stock valued at $108,000 after buying an additional 1,713 shares during the period. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Liberty Broadband by 26.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,621 shares of the company’s stock valued at $166,000 after buying an additional 547 shares during the period. 10.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Liberty Broadband from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Liberty Broadband Stock Performance

Shares of LBRDA stock opened at $37.09 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.10. The firm has a fifty day simple moving average of $31.89 and a two-hundred day simple moving average of $41.99. Liberty Broadband Corporation has a 12 month low of $26.14 and a 12 month high of $65.40. The firm has a market capitalization of $5.32 billion, a PE ratio of -5.31 and a beta of 0.64.

Liberty Broadband (NASDAQ:LBRDA) last released its quarterly earnings data on Tuesday, April 28th. The company reported $1.41 earnings per share for the quarter.

About Liberty Broadband

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter’s Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.