Prudential Financial Inc. Acquires 1,945 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Prudential Financial Inc. lifted its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 53.6% in the second quarter, Holdings Channel.com reports. The fund owned 5,574 shares of the company’s stock after purchasing an additional 1,945 shares during the period. Prudential Financial Inc.’s holdings in Liberty Broadband were worth $968,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in LBRDK. JPMorgan Chase & Co. raised its holdings in shares of Liberty Broadband by 51.9% during the second quarter. JPMorgan Chase & Co. now owns 3,453,485 shares of the company’s stock valued at $599,732,000 after acquiring an additional 1,179,394 shares in the last quarter. Aristeia Capital LLC raised its holdings in Liberty Broadband by 22.7% in the second quarter. Aristeia Capital LLC now owns 4,661,090 shares of the company’s stock worth $809,445,000 after purchasing an additional 861,499 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Liberty Broadband by 9.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,371,812 shares of the company’s stock worth $759,207,000 after purchasing an additional 382,902 shares in the last quarter. Credit Suisse AG raised its holdings in Liberty Broadband by 17.7% in the second quarter. Credit Suisse AG now owns 1,840,109 shares of the company’s stock worth $319,553,000 after purchasing an additional 277,055 shares in the last quarter. Finally, Rivulet Capital LLC bought a new position in Liberty Broadband in the second quarter worth $47,904,000. Institutional investors own 76.65% of the company’s stock.

NASDAQ LBRDK opened at $162.61 on Thursday. Liberty Broadband Co. has a 12 month low of $142.63 and a 12 month high of $194.05. The stock has a market cap of $28.71 billion, a P/E ratio of 49.28 and a beta of 0.97. The stock’s fifty day moving average price is $170.77 and its 200-day moving average price is $173.12. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.37.

Liberty Broadband (NASDAQ:LBRDK) last released its earnings results on Wednesday, November 3rd. The company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.13). Liberty Broadband had a return on equity of 6.66% and a net margin of 78.43%. During the same period in the previous year, the firm earned $0.38 earnings per share. As a group, analysts forecast that Liberty Broadband Co. will post 3.68 earnings per share for the current fiscal year.

LBRDK has been the subject of a number of research reports. Zacks Investment Research upgraded Liberty Broadband from a “hold” rating to a “buy” rating and set a $191.00 price objective for the company in a report on Wednesday, November 10th. Pivotal Research increased their price objective on Liberty Broadband from $226.00 to $267.00 and gave the stock a “buy” rating in a report on Tuesday, August 24th. They noted that the move was a valuation call. Finally, TD Securities increased their target price on Liberty Broadband from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, August 9th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Liberty Broadband presently has a consensus rating of “Buy” and a consensus price target of $214.50.

Liberty Broadband Profile

Liberty Broadband Corp. operates as a holding company, which engages in the cable, broadband and mobile location technology businesses. It operates through its subsidiaries, Charter Communications, Inc and TruePosition, Inc The company was founded on March 28, 1991 and is headquartered in Englewood, CO.

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Institutional Ownership by Quarter for Liberty Broadband (NASDAQ:LBRDK)

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