Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDA)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Liberty Broadband Co. (NASDAQ:LBRDA) by 166,900.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,670 shares of the company’s stock after buying an additional 1,669 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Liberty Broadband were worth $91,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LBRDA. Headlands Technologies LLC acquired a new position in shares of Liberty Broadband during the 1st quarter worth approximately $49,000. Principal Securities Inc. acquired a new position in Liberty Broadband in the fourth quarter valued at approximately $51,000. Spire Wealth Management lifted its holdings in Liberty Broadband by 9,080.0% in the first quarter. Spire Wealth Management now owns 918 shares of the company’s stock valued at $52,000 after acquiring an additional 908 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in Liberty Broadband in the first quarter valued at approximately $72,000. Finally, CWM LLC lifted its holdings in Liberty Broadband by 112.6% in the second quarter. CWM LLC now owns 1,352 shares of the company’s stock valued at $74,000 after acquiring an additional 716 shares during 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 NASDAQ LBRDA opened at $58.48 on Wednesday. The firm has a market cap of $8.35 billion, a price-to-earnings ratio of 9.93 and a beta of 1.04. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.39. Liberty Broadband Co. has a 52-week low of $47.17 and a 52-week high of $95.08. The business’s 50 day moving average is $59.66 and its two-hundred day moving average is $55.61.

Liberty Broadband (NASDAQ:LBRDA) last announced its earnings results on Thursday, August 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.12 by ($1.76). The firm had revenue of $246.00 million during the quarter. Liberty Broadband had a net margin of 81.86% and a return on equity of 8.79%. During the same quarter last year, the firm posted $1.71 earnings per share.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Citigroup cut Liberty Broadband from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $67.00 to $57.00 in a report on Wednesday, July 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective on Liberty Broadband from $104.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Finally, Evercore ISI decreased their price objective on Liberty Broadband from $106.00 to $72.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd.

About Liberty Broadband

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.