First Quadrant L P CA Acquires New Holdings in Liberty Broadband Corporation (LBRDA)

First Quadrant L P CA acquired a new stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDA) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,086 shares of the company’s stock, valued at approximately $3,210,000. First Quadrant L P CA owned about 0.13% of Liberty Broadband Corporation as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. lifted its holdings in shares of Liberty Broadband Corporation by 0.8% in the second quarter. D.A. Davidson & CO. now owns 1,604 shares of the company’s stock worth $137,000 after buying an additional 13 shares in the last quarter. Suntrust Banks Inc. lifted its holdings in shares of Liberty Broadband Corporation by 1.1% in the second quarter. Suntrust Banks Inc. now owns 5,470 shares of the company’s stock worth $469,000 after buying an additional 62 shares in the last quarter. Aviva PLC lifted its holdings in shares of Liberty Broadband Corporation by 0.6% in the second quarter. Aviva PLC now owns 14,454 shares of the company’s stock worth $1,239,000 after buying an additional 80 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Liberty Broadband Corporation by 5.9% in the second quarter. Janney Montgomery Scott LLC now owns 2,999 shares of the company’s stock worth $257,000 after buying an additional 166 shares in the last quarter. Finally, Kirr Marbach & Co. LLC IN lifted its holdings in shares of Liberty Broadband Corporation by 0.9% in the second quarter. Kirr Marbach & Co. LLC IN now owns 20,790 shares of the company’s stock worth $1,784,000 after buying an additional 187 shares in the last quarter. 11.82% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently weighed in on the stock. Pivotal Research restated a “buy” rating and issued a $108.00 price objective (up from $107.00) on shares of Liberty Broadband Corporation in a research report on Tuesday, August 15th. TheStreet cut shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th. Telsey Advisory Group restated an “outperform” rating and issued a $125.00 price objective (up from $95.00) on shares of Liberty Broadband Corporation in a research report on Thursday, September 7th. Finally, BidaskClub upgraded shares of Liberty Broadband Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $111.67.

In related news, Director John C. Malone sold 182,355 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $100.23, for a total transaction of $18,277,441.65. Following the transaction, the director now owns 3,729,985 shares in the company, valued at $373,856,396.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John C. Malone sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $93.32, for a total transaction of $4,199,400.00. The disclosure for this sale can be found here. Insiders have sold 493,275 shares of company stock worth $48,719,421 in the last quarter. Company insiders own 6.09% of the company’s stock.

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Liberty Broadband Corporation (NASDAQ:LBRDA) last posted its quarterly earnings data on Thursday, November 9th. The company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.08). Liberty Broadband Corporation had a net margin of 106.55% and a return on equity of 0.38%.

Liberty Broadband Corporation Profile

Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.

Institutional Ownership by Quarter for Liberty Broadband Corporation (NASDAQ:LBRDA)

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