Wetherby Asset Management Inc. Purchases 17,893 Shares of Liberty Broadband Corp Series A (NASDAQ:LBRDA)

Wetherby Asset Management Inc. boosted its position in Liberty Broadband Corp Series A (NASDAQ:LBRDA) by 354.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,946 shares of the company’s stock after acquiring an additional 17,893 shares during the period. Wetherby Asset Management Inc.’s holdings in Liberty Broadband Corp Series A were worth $2,360,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Banyan Capital Management Inc. bought a new position in Liberty Broadband Corp Series A in the first quarter valued at about $365,000. Bank of New York Mellon Corp boosted its holdings in Liberty Broadband Corp Series A by 2.2% during the fourth quarter. Bank of New York Mellon Corp now owns 78,708 shares of the company’s stock worth $5,651,000 after buying an additional 1,712 shares during the last quarter. Machina Capital S.A.S. bought a new position in Liberty Broadband Corp Series A during the second quarter worth about $155,000. Norges Bank bought a new position in Liberty Broadband Corp Series A during the fourth quarter worth about $47,436,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in Liberty Broadband Corp Series A during the first quarter worth about $1,117,000. Institutional investors and hedge funds own 11.97% of the company’s stock.

A number of brokerages have issued reports on LBRDA. Deutsche Bank raised their target price on Liberty Broadband Corp Series A from $107.00 to $118.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Zacks Investment Research upgraded Liberty Broadband Corp Series A from a “sell” rating to a “hold” rating in a report on Tuesday, June 4th. Macquarie cut Liberty Broadband Corp Series A from an “outperform” rating to a “neutral” rating and set a $104.00 target price on the stock. in a report on Tuesday, April 9th. BidaskClub cut Liberty Broadband Corp Series A from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 23rd. Finally, TheStreet lowered Liberty Broadband Corp Series A from a “b-” rating to a “c” rating in a research report on Monday, May 13th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Liberty Broadband Corp Series A has a consensus rating of “Buy” and an average target price of $107.00.

Shares of NASDAQ LBRDA traded down $2.09 during mid-day trading on Monday, reaching $95.63. 11,384 shares of the company’s stock were exchanged, compared to its average volume of 115,814. The stock has a market capitalization of $17.48 billion, a price-to-earnings ratio of 251.68 and a beta of 1.30. The company has a debt-to-equity ratio of 0.05, a current ratio of 12.76 and a quick ratio of 12.76. The firm’s fifty day moving average is $103.08. Liberty Broadband Corp Series A has a twelve month low of $68.76 and a twelve month high of $107.39.

Liberty Broadband Corp Series A (NASDAQ:LBRDA) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.08) EPS for the quarter. The business had revenue of $3.46 million for the quarter. Liberty Broadband Corp Series A had a return on equity of 0.67% and a net margin of 507.95%. As a group, research analysts predict that Liberty Broadband Corp Series A will post 0.85 EPS for the current year.

Liberty Broadband Corp Series A Profile

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.

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Institutional Ownership by Quarter for Liberty Broadband Corp Series A (NASDAQ:LBRDA)

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