Hound Partners LLC increased its stake in Liberty Broadband Corp (NASDAQ:LBRDA) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 259,160 shares of the company’s stock after acquiring an additional 674 shares during the period. Liberty Broadband makes up 0.6% of Hound Partners LLC’s investment portfolio, making the stock its 19th largest position. Hound Partners LLC owned about 0.14% of Liberty Broadband worth $22,042,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its position in Liberty Broadband by 7.6% during the second quarter. The Manufacturers Life Insurance Company now owns 5,681 shares of the company’s stock valued at $487,000 after buying an additional 399 shares in the last quarter. Jefferies Group LLC lifted its position in Liberty Broadband by 25.7% during the fourth quarter. Jefferies Group LLC now owns 6,365 shares of the company’s stock valued at $541,000 after buying an additional 1,300 shares in the last quarter. Hosking Partners LLP lifted its position in Liberty Broadband by 7.4% during the fourth quarter. Hosking Partners LLP now owns 20,029 shares of the company’s stock valued at $1,703,000 after buying an additional 1,387 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Liberty Broadband during the fourth quarter valued at approximately $124,000. Finally, Quantbot Technologies LP acquired a new position in Liberty Broadband during the third quarter valued at approximately $140,000. 12.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Liberty Broadband Corp (NASDAQ:LBRDA) opened at $89.35 on Wednesday. The stock has a market cap of $16,597.59, a P/E ratio of 915.30 and a beta of 1.42. Liberty Broadband Corp has a 12 month low of $80.39 and a 12 month high of $104.35. The company has a debt-to-equity ratio of 0.05, a quick ratio of 7.97 and a current ratio of 7.97.
In related news, Director John E. Welsh III purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was acquired at an average price of $85.50 per share, for a total transaction of $171,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.09% of the company’s stock.
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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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