Hound Partners LLC Increases Holdings in Liberty Broadband Corp Series A (LBRDA)

Hound Partners LLC raised its stake in shares of Liberty Broadband Corp Series A (NASDAQ:LBRDA) by 49.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 387,539 shares of the company’s stock after buying an additional 128,379 shares during the period. Liberty Broadband Corp Series A comprises approximately 0.8% of Hound Partners LLC’s holdings, making the stock its 16th largest position. Hound Partners LLC owned approximately 0.21% of Liberty Broadband Corp Series A worth $32,863,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. State of Wisconsin Investment Board grew its position in shares of Liberty Broadband Corp Series A by 72.7% during the 4th quarter. State of Wisconsin Investment Board now owns 679,365 shares of the company’s stock valued at $57,780,000 after acquiring an additional 286,067 shares during the period. Freshford Capital Management LLC bought a new stake in shares of Liberty Broadband Corp Series A during the 4th quarter valued at $20,361,000. Leucadia National Corp grew its position in shares of Liberty Broadband Corp Series A by 99.1% during the 4th quarter. Leucadia National Corp now owns 226,786 shares of the company’s stock valued at $19,288,000 after acquiring an additional 112,875 shares during the period. State of New Jersey Common Pension Fund D grew its position in shares of Liberty Broadband Corp Series A by 10.4% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 530,000 shares of the company’s stock valued at $44,944,000 after acquiring an additional 50,000 shares during the period. Finally, Citadel Advisors LLC grew its position in shares of Liberty Broadband Corp Series A by 785.0% during the 4th quarter. Citadel Advisors LLC now owns 52,996 shares of the company’s stock valued at $4,507,000 after acquiring an additional 47,008 shares during the period. Institutional investors and hedge funds own 12.17% of the company’s stock.

Shares of Liberty Broadband Corp Series A stock opened at $75.22 on Thursday. Liberty Broadband Corp Series A has a fifty-two week low of $67.75 and a fifty-two week high of $104.35. The company has a quick ratio of 15.33, a current ratio of 15.33 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $13.35 billion, a P/E ratio of 6.78 and a beta of 1.41.

Liberty Broadband Corp Series A (NASDAQ:LBRDA) last posted its quarterly earnings results on Wednesday, May 9th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.18). Liberty Broadband Corp Series A had a net margin of 9,350.33% and a return on equity of 21.43%. sell-side analysts forecast that Liberty Broadband Corp Series A will post 0.8 EPS for the current year.

Several research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Liberty Broadband Corp Series A from a “hold” rating to a “sell” rating in a report on Thursday, March 8th. Pivotal Research reaffirmed a “buy” rating and issued a $100.00 target price (down previously from $134.00) on shares of Liberty Broadband Corp Series A in a report on Tuesday, May 15th. BidaskClub raised shares of Liberty Broadband Corp Series A from a “strong sell” rating to a “sell” rating in a report on Thursday, June 7th. TheStreet downgraded shares of Liberty Broadband Corp Series A from a “b” rating to a “c+” rating in a report on Friday, May 11th. Finally, ValuEngine downgraded shares of Liberty Broadband Corp Series A from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Liberty Broadband Corp Series A has an average rating of “Hold” and an average price target of $115.25.

Liberty Broadband Corp Series A Company Profile

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential and commercial customers in the United States. It operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understanding the precise geographic location and movement of mobile devices; enhancing the location determination capabilities of a hybrid location system.

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

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