AQR Capital Management LLC Invests $419,000 in Liberty Broadband Co. (NASDAQ:LBRDA)

AQR Capital Management LLC bought a new stake in Liberty Broadband Co. (NASDAQ:LBRDA) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,675 shares of the company’s stock, valued at approximately $419,000.

A number of other institutional investors have also recently bought and sold shares of LBRDA. Private Management Group Inc. increased its position in shares of Liberty Broadband by 212,386.5% during the first quarter. Private Management Group Inc. now owns 299,606 shares of the company’s stock worth $17,113,000 after acquiring an additional 299,465 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Liberty Broadband by 38.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 376,293 shares of the company’s stock worth $20,544,000 after purchasing an additional 104,268 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Liberty Broadband by 279.6% during the 1st quarter. BNP Paribas Financial Markets now owns 111,680 shares of the company’s stock valued at $6,379,000 after buying an additional 82,261 shares during the last quarter. Cowen AND Company LLC purchased a new position in shares of Liberty Broadband during the 2nd quarter valued at approximately $4,445,000. Finally, Wittenberg Investment Management Inc. grew its position in shares of Liberty Broadband by 90.9% during the first quarter. Wittenberg Investment Management Inc. now owns 108,606 shares of the company’s stock worth $6,204,000 after buying an additional 51,711 shares in the last quarter. 10.29% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Stock Down 0.3 %

Shares of LBRDA opened at $79.68 on Wednesday. The business’s fifty day moving average price is $66.26 and its two-hundred day moving average price is $58.02. The firm has a market capitalization of $11.38 billion, a price-to-earnings ratio of 13.53 and a beta of 1.06. Liberty Broadband Co. has a 52 week low of $47.17 and a 52 week high of $95.08. 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 (NASDAQ:LBRDA) last posted its earnings results on Thursday, August 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $3.12 by ($1.76). Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. The business had revenue of $246.00 million for the quarter. During the same quarter in the previous year, the company posted $1.71 EPS.

Insider Transactions at Liberty Broadband

In other news, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the transaction, the insider now directly owns 3,670 shares of the company’s stock, valued at $280,975.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the sale, the chief accounting officer now owns 11,054 shares of the company’s stock, valued at approximately $838,335.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total transaction of $338,624.88. Following the completion of the transaction, the insider now directly owns 3,670 shares of the company’s stock, valued at $280,975.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 14.19% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Evercore ISI reduced their price target on shares of Liberty Broadband from $106.00 to $72.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. Citigroup lowered shares of Liberty Broadband from a “buy” rating to a “neutral” rating and reduced their target price for the company from $67.00 to $57.00 in a research note on Wednesday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Liberty Broadband from $104.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 16th.

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.