State of Wisconsin Investment Board reduced its stake in shares of Liberty Broadband Corp Series A (NASDAQ:LBRDA) by 37.2% during the 1st quarter, Holdings Channel reports. The firm owned 168,310 shares of the company’s stock after selling 99,880 shares during the quarter. State of Wisconsin Investment Board’s holdings in Liberty Broadband Corp Series A were worth $15,424,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CIBC Asset Management Inc lifted its holdings in Liberty Broadband Corp Series A by 1.5% in the first quarter. CIBC Asset Management Inc now owns 7,360 shares of the company’s stock valued at $674,000 after acquiring an additional 111 shares during the last quarter. Cardan Capital Partners LLC lifted its holdings in Liberty Broadband Corp Series A by 2.8% in the first quarter. Cardan Capital Partners LLC now owns 6,420 shares of the company’s stock valued at $588,000 after acquiring an additional 175 shares during the last quarter. ETF Managers Group LLC lifted its holdings in Liberty Broadband Corp Series A by 15.6% in the fourth quarter. ETF Managers Group LLC now owns 1,533 shares of the company’s stock valued at $110,000 after acquiring an additional 207 shares during the last quarter. Rhumbline Advisers lifted its holdings in Liberty Broadband Corp Series A by 0.9% in the fourth quarter. Rhumbline Advisers now owns 31,898 shares of the company’s stock valued at $2,291,000 after acquiring an additional 273 shares during the last quarter. Finally, S&CO Inc. lifted its holdings in Liberty Broadband Corp Series A by 0.3% in the first quarter. S&CO Inc. now owns 90,898 shares of the company’s stock valued at $8,330,000 after acquiring an additional 277 shares during the last quarter. Institutional investors and hedge funds own 12.05% of the company’s stock.

NASDAQ LBRDA traded down $0.06 on Wednesday, reaching $100.59. The stock had a trading volume of 4,803 shares, compared to its average volume of 115,932. The firm has a market cap of $18.42 billion, a price-to-earnings ratio of 264.63 and a beta of 1.34. The company has a quick ratio of 12.76, a current ratio of 12.76 and a debt-to-equity ratio of 0.05. Liberty Broadband Corp Series A has a 12-month low of $68.76 and a 12-month high of $102.51.

Liberty Broadband Corp Series A (NASDAQ:LBRDA) last announced its earnings results on Thursday, May 9th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.32). Liberty Broadband Corp Series A had a net margin of 507.95% and a return on equity of 0.67%. Analysts anticipate that Liberty Broadband Corp Series A will post 0.85 EPS for the current fiscal year.

A number of brokerages have issued reports on LBRDA. Zacks Investment Research lowered Liberty Broadband Corp Series A from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 25th. TheStreet lowered Liberty Broadband Corp Series A from a “b-” rating to a “c” rating in a research report on Monday, May 13th. ValuEngine raised Liberty Broadband Corp Series A from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. BidaskClub raised Liberty Broadband Corp Series A from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 30th. Finally, Macquarie lowered Liberty Broadband Corp Series A from an “outperform” rating to a “neutral” rating and set a $104.00 target price on the stock. in a research report on Tuesday, April 9th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $107.00.

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About Liberty Broadband Corp Series A

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.

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

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