Trexquant Investment LP Raises Holdings in Liberty Broadband (LBRDA)
Trexquant Investment LP raised its position in Liberty Broadband (NASDAQ:LBRDA) by 32.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,636 shares of the company’s stock after buying an additional 2,385 shares during the quarter. Trexquant Investment LP’s holdings in Liberty Broadband were worth $817,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of LBRDA. JPMorgan Chase & Co. raised its stake in shares of Liberty Broadband by 1,568.5% in the third quarter. JPMorgan Chase & Co. now owns 5,189 shares of the company’s stock valued at $485,000 after buying an additional 4,878 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of Liberty Broadband in the fourth quarter valued at $124,000. First Manhattan Co. raised its stake in shares of Liberty Broadband by 22.4% during the 4th quarter. First Manhattan Co. now owns 118,237 shares of the company’s stock valued at $10,056,000 after purchasing an additional 21,609 shares during the period. Opera Trading Capital raised its stake in shares of Liberty Broadband by 449.6% during the 4th quarter. Opera Trading Capital now owns 12,157 shares of the company’s stock valued at $1,034,000 after purchasing an additional 9,945 shares during the period. Finally, Blue Sky Asset Management LLC bought a new stake in shares of Liberty Broadband during the 4th quarter valued at $1,421,000. Hedge funds and other institutional investors own 12.62% of the company’s stock.
NASDAQ:LBRDA opened at $71.85 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 15.33 and a current ratio of 15.33. Liberty Broadband has a 52-week low of $71.03 and a 52-week high of $71.35. The firm has a market cap of $12.95 billion, a P/E ratio of 6.47 and a beta of 1.44.
LBRDA has been the topic of a number of analyst reports. TheStreet upgraded Liberty Broadband from a “c” rating to a “b” rating in a research note on Tuesday, February 20th. Pivotal Research reiterated a “buy” rating and set a $134.00 price objective on shares of Liberty Broadband in a research note on Monday, March 12th. Buckingham Research decreased their price objective on Liberty Broadband to $123.00 and set a “buy” rating on the stock in a research note on Monday, May 7th. Zacks Investment Research upgraded Liberty Broadband from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 8th. Finally, BidaskClub lowered Liberty Broadband from a “hold” rating to a “sell” rating in a research note on Friday, March 2nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. Liberty Broadband currently has a consensus rating of “Hold” and a consensus price target of $115.25.
Liberty Broadband Company 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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