Long Focus Capital Management LLC Has $20.21 Million Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDA)

Long Focus Capital Management LLC boosted its holdings in Liberty Broadband Co. (NASDAQ:LBRDA) by 61.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 370,100 shares of the company’s stock after buying an additional 141,500 shares during the quarter. Liberty Broadband makes up 0.8% of Long Focus Capital Management LLC’s holdings, making the stock its 20th biggest holding. Long Focus Capital Management LLC owned approximately 0.26% of Liberty Broadband worth $20,207,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC bought a new stake in Liberty Broadband during the 2nd quarter worth $419,000. Bank of Montreal Can boosted its position in Liberty Broadband by 1,265.6% during the 2nd quarter. Bank of Montreal Can now owns 8,221 shares of the company’s stock worth $450,000 after buying an additional 7,619 shares during the period. Sei Investments Co. grew its holdings in Liberty Broadband by 13.2% during the 2nd quarter. Sei Investments Co. now owns 13,826 shares of the company’s stock worth $755,000 after acquiring an additional 1,616 shares during the last quarter. Virtu Financial LLC increased its position in Liberty Broadband by 13.1% in the 2nd quarter. Virtu Financial LLC now owns 23,262 shares of the company’s stock valued at $1,270,000 after acquiring an additional 2,686 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Liberty Broadband by 38.3% during the second quarter. Dimensional Fund Advisors LP now owns 376,293 shares of the company’s stock valued at $20,544,000 after acquiring an additional 104,268 shares during the last quarter. Institutional investors own 10.29% of the company’s stock.

Wall Street Analysts Forecast Growth

LBRDA has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective 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. Evercore ISI cut their price objective on Liberty Broadband from $106.00 to $72.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. Finally, Citigroup cut shares of Liberty Broadband from a “buy” rating to a “neutral” rating and cut their price target for the company from $67.00 to $57.00 in a research report on Wednesday, July 3rd.

Liberty Broadband Trading Up 1.5 %

NASDAQ:LBRDA opened at $75.17 on Friday. Liberty Broadband Co. has a 12 month low of $47.17 and a 12 month high of $95.08. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $10.74 billion, a price-to-earnings ratio of 12.76 and a beta of 1.04. The firm has a fifty day simple moving average of $61.51 and a two-hundred day simple moving average of $55.97.

Liberty Broadband (NASDAQ:LBRDA) last issued its earnings results on Thursday, August 8th. The company reported $1.36 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 period last year, the firm earned $1.71 earnings per share.

Insider Activity

In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $338,624.88. Following the transaction, the insider now owns 3,670 shares in the company, valued at $280,975.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 14.19% of the company’s stock.

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.