HBK Investments L P raised its stake in Liberty Broadband Corp (NASDAQ:LBRDK) by 41.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 307,700 shares of the company’s stock after buying an additional 89,432 shares during the period. HBK Investments L P owned about 0.17% of Liberty Broadband worth $26,204,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of LBRDK. James Hambro & Partners purchased a new stake in shares of Liberty Broadband in the 4th quarter valued at $102,000. Cerebellum GP LLC purchased a new stake in shares of Liberty Broadband in the 4th quarter valued at $127,000. Massey Quick Simon & CO. LLC purchased a new stake in shares of Liberty Broadband in the 3rd quarter valued at $172,000. American International Group Inc. purchased a new stake in shares of Liberty Broadband in the 4th quarter valued at $185,000. Finally, Vantage Investment Advisors LLC boosted its stake in shares of Liberty Broadband by 50.0% in the 4th quarter. Vantage Investment Advisors LLC now owns 2,323 shares of the company’s stock valued at $198,000 after purchasing an additional 774 shares in the last quarter. 54.66% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director John E. Welsh III purchased 2,000 shares of the company’s stock in a transaction on Friday, December 22nd. The stock was acquired at an average price of $85.50 per share, with a total value of $171,000.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $427,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 10.80% of the company’s stock.
A number of brokerages have recently issued reports on LBRDK. ValuEngine cut shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research note on Tuesday, February 27th. TheStreet raised shares of Liberty Broadband from a “c” rating to a “b” rating in a research report on Tuesday, February 20th. Finally, Zacks Investment Research raised shares of Liberty Broadband from a “hold” rating to a “strong-buy” rating and set a $107.00 price target for the company in a research report on Saturday, January 20th.
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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