Marble Arch Investments LP purchased a new stake in shares of Liberty Broadband Corp (NASDAQ:LBRDK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 112,000 shares of the company’s stock, valued at approximately $9,538,000. Liberty Broadband accounts for 0.7% of Marble Arch Investments LP’s portfolio, making the stock its 20th biggest holding. Marble Arch Investments LP owned 0.06% of Liberty Broadband as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. James Hambro & Partners acquired a new position in Liberty Broadband in the 4th quarter valued at approximately $102,000. Cerebellum GP LLC acquired a new position in Liberty Broadband in the 4th quarter valued at approximately $127,000. Massey Quick Simon & CO. LLC acquired a new position in Liberty Broadband in the 3rd quarter valued at approximately $172,000. American International Group Inc. acquired a new position in Liberty Broadband in the 4th quarter valued at approximately $185,000. Finally, Vantage Investment Advisors LLC increased its stake in 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 buying an additional 774 shares during the period. Institutional investors and hedge funds own 54.66% of the company’s stock.
Shares of Liberty Broadband Corp (LBRDK) opened at $90.20 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 7.97 and a quick ratio of 7.97. The company has a market cap of $16,795.25, a P/E ratio of 926.20 and a beta of 1.41. Liberty Broadband Corp has a 1 year low of $80.41 and a 1 year high of $104.66.
In other Liberty Broadband news, Director John E. Welsh III bought 2,000 shares of the firm’s stock in a transaction on Friday, December 22nd. The stock was bought at an average cost of $85.50 per share, with a total value of $171,000.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $427,500. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 10.80% of the company’s stock.
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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