Transmarket Holdings LP Takes Position in Liberty Broadband Corporation $LBRDA

Transmarket Holdings LP acquired a new position in Liberty Broadband Corporation (NASDAQ:LBRDA) during the 1st quarter, Holdings Channel reports. The firm acquired 21,386 shares of the company’s stock, valued at approximately $1,074,000. Liberty Broadband accounts for 0.6% of Transmarket Holdings LP’s holdings, making the stock its 21st largest holding.

Several other large investors also recently added to or reduced their stakes in the business. Franklin Resources Inc. boosted its stake in shares of Liberty Broadband by 66.2% during the 2nd quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock worth $60,000 after acquiring an additional 245 shares during the last quarter. Comerica Bank raised its holdings in Liberty Broadband by 104.2% in the 4th quarter. Comerica Bank now owns 1,027 shares of the company’s stock worth $50,000 after purchasing an additional 524 shares during the period. Federation des caisses Desjardins du Quebec raised its holdings in Liberty Broadband by 22.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,377 shares of the company’s stock worth $66,000 after purchasing an additional 248 shares during the period. Parallel Advisors LLC lifted its position in Liberty Broadband by 388.4% during the first quarter. Parallel Advisors LLC now owns 2,154 shares of the company’s stock valued at $108,000 after purchasing an additional 1,713 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its holdings in Liberty Broadband by 62.3% during the second quarter. CANADA LIFE ASSURANCE Co now owns 2,245 shares of the company’s stock valued at $220,000 after purchasing an additional 862 shares during the period. 10.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a research note on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Liberty Broadband Stock Performance

Shares of NASDAQ LBRDA opened at $30.04 on Wednesday. The stock has a market cap of $4.31 billion, a PE ratio of -1.57 and a beta of 0.65. Liberty Broadband Corporation has a 1 year low of $29.18 and a 1 year high of $91.04. The firm has a fifty day moving average price of $32.06 and a 200-day moving average price of $43.21. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.09 and a quick ratio of 1.09.

Liberty Broadband (NASDAQ:LBRDA) last released its earnings results on Tuesday, April 28th. The company reported $1.41 earnings per share for the quarter.

Liberty Broadband Company Profile

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter’s Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.