PAX Financial Group LLC Acquires Shares of 6,333 Liberty Broadband Co. (NASDAQ:LBRDA)

PAX Financial Group LLC acquired a new stake in Liberty Broadband Co. (NASDAQ:LBRDA – Get Rating) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 6,333 shares of the company’s stock, valued at approximately $480,000.

A number of other hedge funds also recently bought and sold shares of the business. Simplex Trading LLC increased its holdings in shares of Liberty Broadband by 290.0% during the 4th quarter. Simplex Trading LLC now owns 390 shares of the company’s stock worth $29,000 after buying an additional 290 shares during the last quarter. Lindbrook Capital LLC boosted its position in shares of Liberty Broadband by 24.1% during the 4th quarter. Lindbrook Capital LLC now owns 572 shares of the company’s stock worth $43,000 after purchasing an additional 111 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of Liberty Broadband by 33.8% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 696 shares of the company’s stock worth $53,000 after purchasing an additional 176 shares during the period. Prudential PLC purchased a new position in shares of Liberty Broadband during the 1st quarter worth approximately $58,000. Finally, MetLife Investment Management LLC purchased a new position in shares of Liberty Broadband during the 1st quarter worth approximately $61,000. Institutional investors and hedge funds own 12.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Liberty Broadband from $120.00 to $110.00 in a research report on Thursday. Pivotal Research increased their price objective on shares of Liberty Broadband from $127.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, February 21st.

Insider Buying and Selling at Liberty Broadband

In other news, CAO Brian J. Wendling sold 6,419 shares of Liberty Broadband stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $77.59, for a total transaction of $498,050.21. Following the completion of the sale, the chief accounting officer now directly owns 12,274 shares of the company’s stock, valued at approximately $952,339.66. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 19.65% of the stock is currently owned by corporate insiders.

Liberty Broadband Stock Up 0.2 %

LBRDA stock traded up $0.17 during midday trading on Friday, hitting $72.88. The company’s stock had a trading volume of 22,637 shares, compared to its average volume of 152,617. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.44. Liberty Broadband Co. has a 52-week low of $68.15 and a 52-week high of $123.74. The firm has a market capitalization of $10.66 billion, a P/E ratio of 10.93 and a beta of 1.14. The firm has a 50-day simple moving average of $78.66 and a 200-day simple moving average of $83.19.

Liberty Broadband (NASDAQ:LBRDA – Get Rating) last issued its quarterly earnings results on Tuesday, May 2nd. The company reported $0.47 EPS for the quarter. Liberty Broadband had a net margin of 104.48% and a return on equity of 11.84%. The company had revenue of $246.00 million during the quarter.

About Liberty Broadband

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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.