Liberty Broadband Co. (NASDAQ:LBRDA) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC increased its stake in Liberty Broadband Co. (NASDAQ:LBRDA) by 122.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 98,700 shares of the company’s stock after acquiring an additional 54,400 shares during the quarter. Renaissance Technologies LLC’s holdings in Liberty Broadband were worth $7,339,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. PAX Financial Group LLC grew its holdings in Liberty Broadband by 1.1% during the 4th quarter. PAX Financial Group LLC now owns 13,799 shares of the company’s stock valued at $1,026,000 after buying an additional 144 shares during the last quarter. M&T Bank Corp lifted its holdings in Liberty Broadband by 3.6% in the 4th quarter. M&T Bank Corp now owns 4,562 shares of the company’s stock valued at $339,000 after purchasing an additional 158 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Liberty Broadband by 1.9% during the fourth quarter. JPMorgan Chase & Co. now owns 14,857 shares of the company’s stock worth $1,105,000 after buying an additional 279 shares in the last quarter. American Century Companies Inc. raised its position in shares of Liberty Broadband by 10.7% in the fourth quarter. American Century Companies Inc. now owns 3,053 shares of the company’s stock valued at $227,000 after buying an additional 296 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Liberty Broadband by 891.9% during the fourth quarter. Farther Finance Advisors LLC now owns 367 shares of the company’s stock valued at $27,000 after buying an additional 330 shares during the period. Institutional investors and hedge funds own 10.29% of the company’s stock.

Liberty Broadband Trading Up 2.4 %

LBRDA stock opened at $77.30 on Friday. The business has a fifty day simple moving average of $80.95 and a 200-day simple moving average of $80.79. Liberty Broadband Co. has a 52 week low of $47.17 and a 52 week high of $100.44. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The company has a market cap of $11.08 billion, a price-to-earnings ratio of 14.24 and a beta of 1.03.

Liberty Broadband (NASDAQ:LBRDA) last released its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.31. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The business had revenue of $263.00 million for the quarter, compared to analyst estimates of $252.50 million.

Analyst Ratings Changes

Separately, Benchmark lowered their price objective on Liberty Broadband from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $86.20.

Liberty Broadband Company 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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.