Liberty Broadband Corp Series A (LBRDA) Position Lifted by Citadel Advisors LLC

Citadel Advisors LLC boosted its position in Liberty Broadband Corp Series A (NASDAQ:LBRDA) by 9.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,302 shares of the company’s stock after acquiring an additional 8,050 shares during the quarter. Citadel Advisors LLC owned 0.05% of Liberty Broadband Corp Series A worth $7,784,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LBRDA. Los Angeles Capital Management & Equity Research Inc. increased its stake in Liberty Broadband Corp Series A by 155.6% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 61,363 shares of the company’s stock valued at $4,641,000 after acquiring an additional 37,355 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in Liberty Broadband Corp Series A by 40,688.0% in the second quarter. CIBC Private Wealth Group LLC now owns 10,197 shares of the company’s stock valued at $771,000 after acquiring an additional 10,172 shares during the last quarter. SG Americas Securities LLC increased its stake in Liberty Broadband Corp Series A by 48.5% in the second quarter. SG Americas Securities LLC now owns 2,041 shares of the company’s stock valued at $154,000 after acquiring an additional 667 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Liberty Broadband Corp Series A by 3.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 41,594 shares of the company’s stock valued at $3,147,000 after acquiring an additional 1,500 shares during the last quarter. Finally, AMI Investment Management Inc. bought a new position in Liberty Broadband Corp Series A in the second quarter valued at approximately $3,390,000. 17.88% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have weighed in on the stock. BidaskClub raised shares of Liberty Broadband Corp Series A from a “hold” rating to a “buy” rating in a research note on Tuesday, October 16th. Macquarie boosted their target price on shares of Liberty Broadband Corp Series A from $84.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 22nd. Deutsche Bank decreased their target price on shares of Liberty Broadband Corp Series A from $107.00 to $101.00 and set a “buy” rating on the stock in a research note on Tuesday, August 14th. TheStreet raised shares of Liberty Broadband Corp Series A from a “c+” rating to a “b” rating in a research note on Tuesday, November 6th. Finally, Zacks Investment Research raised shares of Liberty Broadband Corp Series A from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research note on Saturday, November 17th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Liberty Broadband Corp Series A presently has a consensus rating of “Buy” and an average target price of $101.40.



NASDAQ LBRDA opened at $82.75 on Friday. The firm has a market cap of $14.92 billion, a price-to-earnings ratio of 7.45 and a beta of 1.25. Liberty Broadband Corp Series A has a fifty-two week low of $67.75 and a fifty-two week high of $98.53. The company has a current ratio of 9.56, a quick ratio of 9.56 and a debt-to-equity ratio of 0.05.

Liberty Broadband Corp Series A (NASDAQ:LBRDA) last issued its quarterly earnings results on Thursday, November 8th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). Liberty Broadband Corp Series A had a return on equity of 20.10% and a net margin of 9,562.57%. As a group, sell-side analysts predict that Liberty Broadband Corp Series A will post 0.77 earnings per share for the current year.

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Liberty Broadband Corp Series A Profile

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential and commercial customers in the United States. It 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 understanding the precise geographic location and movement of mobile devices; 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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