California State Teachers Retirement System Has $9.68 Million Position in Liberty Broadband Corp (LBRDA)

California State Teachers Retirement System cut its stake in shares of Liberty Broadband Corp (NASDAQ:LBRDA) by 4.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 102,768 shares of the company’s stock after selling 4,294 shares during the period. California State Teachers Retirement System owned about 0.06% of Liberty Broadband worth $9,679,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LBRDA. D.A. Davidson & CO. lifted its position in shares of Liberty Broadband by 0.8% in the second quarter. D.A. Davidson & CO. now owns 1,604 shares of the company’s stock valued at $137,000 after acquiring an additional 13 shares in the last quarter. Suntrust Banks Inc. lifted its position in shares of Liberty Broadband by 1.1% in the second quarter. Suntrust Banks Inc. now owns 5,470 shares of the company’s stock valued at $469,000 after acquiring an additional 62 shares in the last quarter. Aviva PLC lifted its position in shares of Liberty Broadband by 0.6% in the second quarter. Aviva PLC now owns 14,454 shares of the company’s stock valued at $1,239,000 after acquiring an additional 80 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Liberty Broadband by 2.2% in the second quarter. PNC Financial Services Group Inc. now owns 12,568 shares of the company’s stock valued at $1,078,000 after acquiring an additional 267 shares in the last quarter. Finally, Teachers Advisors LLC lifted its position in shares of Liberty Broadband by 1.1% in the second quarter. Teachers Advisors LLC now owns 29,879 shares of the company’s stock valued at $2,563,000 after acquiring an additional 313 shares in the last quarter. Institutional investors own 12.33% of the company’s stock.

Shares of Liberty Broadband Corp (NASDAQ:LBRDA) opened at $85.04 on Tuesday. Liberty Broadband Corp has a twelve month low of $70.45 and a twelve month high of $104.35. The company has a debt-to-equity ratio of 0.06, a current ratio of 11.64 and a quick ratio of 11.64. The stock has a market capitalization of $15,480.00, a PE ratio of 850.40 and a beta of 1.33.

Liberty Broadband (NASDAQ:LBRDA) last issued its earnings results on Thursday, November 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.08). Liberty Broadband had a return on equity of 0.22% and a net margin of 142.91%. research analysts anticipate that Liberty Broadband Corp will post 0.1 EPS for the current fiscal year.

In other Liberty Broadband news, Director John C. Malone sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $93.32, for a total transaction of $4,199,400.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John C. Malone sold 34,500 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $95.18, for a total value of $3,283,710.00. The disclosure for this sale can be found here. Insiders sold 88,050 shares of company stock worth $8,294,249 over the last ninety days. Insiders own 6.09% of the company’s stock.

Several equities analysts have recently commented on the company. Pivotal Research boosted their price objective on Liberty Broadband from $108.00 to $113.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. Telsey Advisory Group restated an “outperform” rating and issued a $125.00 price objective (up from $95.00) on shares of Liberty Broadband in a research report on Thursday, September 7th. BidaskClub downgraded Liberty Broadband from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 9th. Buckingham Research assumed coverage on Liberty Broadband in a research report on Wednesday, December 13th. They issued a “buy” rating and a $119.00 price objective on the stock. Finally, boosted their price objective on Liberty Broadband from $108.00 to $113.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Liberty Broadband has a consensus rating of “Buy” and an average price target of $114.40.

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About Liberty Broadband

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.

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

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