Liberty Broadband Co. (NASDAQ:LBRDK) Holdings Lifted by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. lifted its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 0.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,189,888 shares of the company’s stock after buying an additional 12,892 shares during the quarter. Liberty Broadband makes up 7.6% of Aristeia Capital L.L.C.’s investment portfolio, making the stock its largest position. Aristeia Capital L.L.C. owned about 4.33% of Liberty Broadband worth $339,330,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LBRDK. Versant Capital Management Inc lifted its position in Liberty Broadband by 4,888.9% during the second quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock worth $25,000 after buying an additional 440 shares during the period. Beach Investment Counsel Inc. PA purchased a new position in shares of Liberty Broadband during the 2nd quarter worth about $36,000. Mather Group LLC. boosted its position in shares of Liberty Broadband by 103.7% in the second quarter. Mather Group LLC. now owns 762 shares of the company’s stock worth $44,000 after acquiring an additional 388 shares during the last quarter. UniSuper Management Pty Ltd boosted its position in shares of Liberty Broadband by 88.9% in the first quarter. UniSuper Management Pty Ltd now owns 1,700 shares of the company’s stock worth $97,000 after acquiring an additional 800 shares during the last quarter. Finally, CWM LLC grew its holdings in Liberty Broadband by 163.7% in the second quarter. CWM LLC now owns 2,255 shares of the company’s stock valued at $124,000 after purchasing an additional 1,400 shares during the period. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Rosenblatt Securities increased 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 increased their target price on Liberty Broadband from $62.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Friday, July 19th.

Liberty Broadband Price Performance

LBRDK opened at $61.04 on Tuesday. Liberty Broadband Co. has a 52-week low of $46.46 and a 52-week high of $95.53. The company has a market cap of $8.72 billion, a P/E ratio of 10.36 and a beta of 1.02. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average of $61.81 and a two-hundred day moving average of $56.04.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $2.51 by ($1.15). Liberty Broadband had a net margin of 81.86% and a return on equity of 8.79%. The business had revenue of $246.00 million during the quarter, compared to analysts’ expectations of $244.25 million. During the same period in the prior year, the company posted $1.71 EPS. On average, analysts expect 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.