Cigna Investments Inc. New Makes New Investment in Liberty Broadband Corp Series A (NASDAQ:LBRDA)

Cigna Investments Inc. New bought a new stake in shares of Liberty Broadband Corp Series A (NASDAQ:LBRDA) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,336 shares of the company’s stock, valued at approximately $407,000.

Other hedge funds have also recently modified their holdings of the company. FMR LLC raised its stake in Liberty Broadband Corp Series A by 8.1% in the second quarter. FMR LLC now owns 1,043,806 shares of the company’s stock worth $127,543,000 after buying an additional 78,308 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Liberty Broadband Corp Series A by 0.7% during the second quarter. Principal Financial Group Inc. now owns 943,976 shares of the company’s stock valued at $115,341,000 after buying an additional 6,222 shares during the last quarter. State of Wisconsin Investment Board boosted its holdings in shares of Liberty Broadband Corp Series A by 3.5% in the 2nd quarter. State of Wisconsin Investment Board now owns 403,754 shares of the company’s stock valued at $49,335,000 after buying an additional 13,696 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Liberty Broadband Corp Series A by 272.0% in the 2nd quarter. Victory Capital Management Inc. now owns 364,873 shares of the company’s stock worth $44,584,000 after buying an additional 266,793 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Liberty Broadband Corp Series A by 24.4% during the 2nd quarter. Bank of America Corp DE now owns 127,043 shares of the company’s stock worth $15,523,000 after acquiring an additional 24,897 shares in the last quarter. Institutional investors and hedge funds own 11.61% of the company’s stock.

A number of brokerages have recently issued reports on LBRDA. TD Securities downgraded Liberty Broadband Corp Series A from a “buy” rating to a “hold” rating and set a $165.00 price target on the stock. in a research report on Tuesday, August 18th. Zacks Investment Research lowered Liberty Broadband Corp Series A from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Benchmark upped their price objective on shares of Liberty Broadband Corp Series A from $157.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. TheStreet cut shares of Liberty Broadband Corp Series A from a “b-” rating to a “c+” rating in a research note on Tuesday, May 26th. Finally, Pivotal Research upped their price target on shares of Liberty Broadband Corp Series A from $193.00 to $211.00 in a research note on Friday, September 11th. 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 presently has a consensus rating of “Buy” and an average price target of $157.33.

Shares of LBRDA stock opened at $141.01 on Wednesday. Liberty Broadband Corp Series A has a fifty-two week low of $80.14 and a fifty-two week high of $149.01. The firm has a market capitalization of $25.65 billion, a PE ratio of 141.01 and a beta of 1.13. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The stock’s 50-day simple moving average is $137.47 and its 200-day simple moving average is $124.86.

Liberty Broadband Corp Series A (NASDAQ:LBRDA) last issued its earnings results on Friday, July 31st. The company reported $0.39 EPS for the quarter. Liberty Broadband Corp Series A had a return on equity of 1.72% and a net margin of 1,158.25%. The firm had revenue of $4.11 million for the quarter. Sell-side analysts forecast that Liberty Broadband Corp Series A will post 1.11 earnings per share 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.

Read More: Blockchain

Want to see what other hedge funds are holding LBRDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Broadband Corp Series A (NASDAQ:LBRDA).

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

Receive News & Ratings for Liberty Broadband Corp Series A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Broadband Corp Series A and related companies with MarketBeat.com's FREE daily email newsletter.