Public Employees Retirement Association of Colorado Sells 203 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Public Employees Retirement Association of Colorado reduced its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 1.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 13,954 shares of the company’s stock after selling 203 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Liberty Broadband were worth $765,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LBRDK. Vanguard Group Inc. raised its position in Liberty Broadband by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 11,213,505 shares of the company’s stock valued at $903,696,000 after purchasing an additional 243,156 shares in the last quarter. Whitebox Advisors LLC increased its position in shares of Liberty Broadband by 17.9% during the 1st quarter. Whitebox Advisors LLC now owns 2,300,322 shares of the company’s stock valued at $131,647,000 after purchasing an additional 349,400 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Liberty Broadband by 19.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company’s stock valued at $113,045,000 after buying an additional 330,159 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Liberty Broadband by 426.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,397,069 shares of the company’s stock worth $76,587,000 after buying an additional 1,131,743 shares during the last quarter. Finally, Highbridge Capital Management LLC boosted its stake in Liberty Broadband by 22.6% in the second quarter. Highbridge Capital Management LLC now owns 1,127,951 shares of the company’s stock worth $61,834,000 after buying an additional 208,153 shares in the last quarter. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Rosenblatt Securities lifted their price target on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Morgan Stanley boosted their price target on shares of Liberty Broadband from $62.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Friday, July 19th.

Liberty Broadband Stock Performance

NASDAQ:LBRDK opened at $74.15 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.68 and a current ratio of 1.68. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $95.53. The firm has a market cap of $10.59 billion, a PE ratio of 12.59 and a beta of 1.02. The business has a 50 day moving average price of $62.20 and a 200-day moving average price of $56.18.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($1.15). Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. The firm had revenue of $246.00 million during the quarter, compared to the consensus estimate of $244.25 million. During the same period last year, the business earned $1.71 EPS. Equities research analysts predict that Liberty Broadband Co. will post 9.05 earnings per share for the current year.

Liberty Broadband Profile

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.