Liberty Broadband Corp (NASDAQ:LBRDA) Shares Bought by JPMorgan Chase & Co.
JPMorgan Chase & Co. boosted its position in Liberty Broadband Corp (NASDAQ:LBRDA) by 1,568.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,189 shares of the company’s stock after purchasing an additional 4,878 shares during the period. JPMorgan Chase & Co.’s holdings in Liberty Broadband were worth £485,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. increased its holdings in shares of Liberty Broadband by 42.0% in the second quarter. UBS Asset Management Americas Inc. now owns 9,350 shares of the company’s stock valued at £802,000 after buying an additional 2,764 shares in the last quarter.
Public Employees Retirement System of Ohio raised its stake in Liberty Broadband by 18.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,382 shares of the company’s stock valued at £976,000 after purchasing an additional 1,757 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Liberty Broadband by 8.6% during the 2nd quarter.
Schwab Charles Investment Management Inc. now owns 62,829 shares of the company’s stock valued at £5,391,000 after purchasing an additional 4,981 shares during the period. Markel Corp raised its stake in Liberty Broadband by 12.0% during the 3rd quarter. Markel Corp now owns 205,250 shares of the company’s stock valued at £19,330,000 after purchasing an additional 22,000 shares during the period.
Finally, CIBC Asset Management Inc raised its stake in Liberty Broadband by 62.2% during the 3rd quarter. CIBC Asset Management Inc now owns 7,103 shares of the company’s stock valued at £669,000 after purchasing an additional 2,724 shares during the period. Hedge funds and other institutional investors own 12.33% of the company’s stock.
The firm has a market cap of £17,058.88, a P/E ratio of 939.69 and a beta of 1.33. The company has a debt-to-equity ratio of 0.06, a quick ratio of 11.64 and a current ratio of 11.64. Liberty Broadband Corp has a fifty-two week low of £77.79 and a fifty-two week high of £104.35.
Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly earnings data on Wednesday, November 1st.
The company reported (£0.05) earnings per share for the quarter. Liberty Broadband had a return on equity of 0.22% and a net margin of 142.91%. equities research analysts forecast that Liberty Broadband Corp will post 0.13 EPS for the current year. Several equities analysts have recently commented on LBRDA shares.
BidaskClub upgraded shares of Liberty Broadband from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. upped their price objective on shares of Liberty Broadband from £108.00 to £113.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Pivotal Research upped their price objective on shares of Liberty Broadband from £108.00 to £113.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. Finally, Buckingham Research assumed coverage on shares of Liberty Broadband in a report on Wednesday, December 13th.
They issued a “buy” rating and a £119.00 price objective for the company. One research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of £114.40.
In other Liberty Broadband news, Director John E. Welsh III acquired 2,000 shares of Liberty Broadband stock in a transaction on Friday, December 22nd. The shares were purchased at an average cost of £85.50 per share, with a total value of £171,000.00.
6.09% of the stock is owned by corporate insiders. ILLEGAL ACTIVITY WARNING: “Liberty Broadband Corp (NASDAQ:LBRDA) Shares Bought by JPMorgan Chase & Co.” was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation.
The correct version of this story can be accessed at https://www.dispatchtribunal.com/2018/01/24/jpmorgan-chase-co-has-485000-stake-in-liberty-broadband-corp-lbrda.html. About Liberty Broadband Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook).
The Company’s segments include Skyhook, Charter, and Corporate and other.
Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.
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