IFM Investors Pty Ltd Has $1.08 Million Stock Holdings in Liberty Broadband Corp Series C (NASDAQ:LBRDK)

IFM Investors Pty Ltd increased its holdings in shares of Liberty Broadband Corp Series C (NASDAQ:LBRDK) by 43.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 10,321 shares of the company’s stock after purchasing an additional 3,108 shares during the period. IFM Investors Pty Ltd’s holdings in Liberty Broadband Corp Series C were worth $1,080,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Hanseatic Management Services Inc. acquired a new position in shares of Liberty Broadband Corp Series C during the 3rd quarter worth about $704,000. California Public Employees Retirement System raised its holdings in Liberty Broadband Corp Series C by 8.3% in the 3rd quarter. California Public Employees Retirement System now owns 847,309 shares of the company’s stock valued at $88,688,000 after acquiring an additional 65,044 shares in the last quarter. Usca Ria LLC acquired a new position in Liberty Broadband Corp Series C in the 3rd quarter valued at approximately $94,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Liberty Broadband Corp Series C by 1.1% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 54,919 shares of the company’s stock valued at $5,748,000 after acquiring an additional 596 shares in the last quarter. Finally, Smithfield Trust Co. raised its holdings in Liberty Broadband Corp Series C by 841.3% in the 3rd quarter. Smithfield Trust Co. now owns 706 shares of the company’s stock valued at $74,000 after acquiring an additional 631 shares in the last quarter. 54.25% of the stock is owned by institutional investors and hedge funds.

Shares of LBRDK stock traded up $0.96 during trading hours on Friday, hitting $116.76. The company had a trading volume of 361,000 shares, compared to its average volume of 553,058. The firm’s fifty day moving average is $110.49 and its 200 day moving average is $104.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.53 and a current ratio of 8.04. The firm has a market capitalization of $21.42 billion, a price-to-earnings ratio of 307.26 and a beta of 1.27. Liberty Broadband Corp Series C has a 12 month low of $68.47 and a 12 month high of $120.08.

Several equities analysts have commented on the company. ValuEngine cut Liberty Broadband Corp Series C from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Morgan Stanley upped their price target on Liberty Broadband Corp Series C from $117.00 to $131.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Citigroup assumed coverage on Liberty Broadband Corp Series C in a report on Friday, October 4th. They issued a “buy” rating and a $125.00 price target for the company. Zacks Investment Research raised Liberty Broadband Corp Series C from a “strong sell” rating to a “hold” rating in a report on Thursday, October 10th. Finally, BidaskClub raised Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating in a report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $122.75.

In other news, CEO Gregory B. Maffei sold 138,728 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $116.06, for a total value of $16,100,771.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 10.80% of the company’s stock.

About Liberty Broadband Corp Series C

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.

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Institutional Ownership by Quarter for Liberty Broadband Corp Series C (NASDAQ:LBRDK)

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