Bank of New York Mellon Corp lessened its holdings in shares of Liberty Broadband Corp (NASDAQ:LBRDK) by 2.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 450,078 shares of the company’s stock after selling 11,076 shares during the period. Bank of New York Mellon Corp owned 0.25% of Liberty Broadband worth $38,330,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Cerebellum GP LLC purchased a new position in Liberty Broadband during the 4th quarter worth approximately $127,000. Massey Quick Simon & CO. LLC purchased a new position in Liberty Broadband during the 3rd quarter worth approximately $172,000. Vantage Investment Advisors LLC grew its stake in Liberty Broadband by 50.0% during the 4th quarter. Vantage Investment Advisors LLC now owns 2,323 shares of the company’s stock worth $198,000 after buying an additional 774 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Liberty Broadband by 5.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,614 shares of the company’s stock worth $227,000 after buying an additional 128 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in Liberty Broadband during the 3rd quarter worth approximately $234,000. 54.66% of the stock is currently owned by institutional investors and hedge funds.
Liberty Broadband Corp (NASDAQ LBRDK) opened at $92.62 on Tuesday. Liberty Broadband Corp has a 12 month low of $80.41 and a 12 month high of $104.66. The firm has a market capitalization of $16,236.74, a P/E ratio of 926.29 and a beta of 1.41. The company has a quick ratio of 7.97, a current ratio of 7.97 and a debt-to-equity ratio of 0.05.
A number of research firms recently issued reports on LBRDK. ValuEngine downgraded Liberty Broadband from a “hold” rating to a “sell” rating in a research note on Tuesday, February 27th. TheStreet upgraded Liberty Broadband from a “c” rating to a “b” rating in a research note on Tuesday, February 20th. Finally, Zacks Investment Research upgraded Liberty Broadband from a “hold” rating to a “strong-buy” rating and set a $107.00 price target on the stock in a research note on Saturday, January 20th.
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Liberty Broadband Profile
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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