17,253 Shares in Liberty Broadband Corporation (NASDAQ:LBRDK) Bought by Townsquare Capital LLC

Key Points

• Townsquare Capital LLC has acquired 17,253 shares of Liberty Broadband Corporation (NASDAQ:LBRDK) valued at approximately $1.47 million, marking a new investment in the company.
• Institutional investors and hedge funds now own approximately 80.22% of Liberty Broadband's stock, with significant increases in holdings reported by firms like Deutsche Bank and Adage Capital Partners during the 4th quarter.
• Analyst ratings for Liberty Broadband have seen a shift, with Wall Street Zen recently upgrading the stock to a "hold" rating, reflecting potential changes in market sentiment.

Townsquare Capital LLC acquired a new position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,253 shares of the company's stock, valued at approximately $1,467,000.

Several other hedge funds have also added to or reduced their stakes in LBRDK. Deutsche Bank AG raised its stake in Liberty Broadband by 125.6% during the 4th quarter. Deutsche Bank AG now owns 3,060,143 shares of the company's stock worth $228,776,000 after buying an additional 1,703,637 shares during the period. Adage Capital Partners GP L.L.C. raised its stake in shares of Liberty Broadband by 425.3% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,231,136 shares of the company's stock valued at $92,040,000 after purchasing an additional 996,764 shares during the period. Pentwater Capital Management LP raised its stake in shares of Liberty Broadband by 454.0% in the 4th quarter. Pentwater Capital Management LP now owns 1,108,000 shares of the company's stock valued at $82,834,000 after purchasing an additional 908,000 shares during the period. Makaira Partners LLC raised its stake in shares of Liberty Broadband by 219.6% in the 4th quarter. Makaira Partners LLC now owns 1,244,270 shares of the company's stock valued at $93,022,000 after purchasing an additional 854,954 shares during the period. Finally, Benchstone Capital Management LP acquired a new stake in shares of Liberty Broadband in the 4th quarter valued at about $41,221,000. Institutional investors and hedge funds own 80.22% of the company's stock.

Liberty Broadband Stock Performance

LBRDK opened at $61.35 on Thursday. The business's 50-day moving average price is $84.72 and its two-hundred day moving average price is $84.74. Liberty Broadband Corporation has a 1 year low of $57.91 and a 1 year high of $104.00. The company has a market capitalization of $8.79 billion, a price-to-earnings ratio of 8.09 and a beta of 0.96. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60.

Analyst Ratings Changes

Separately, Wall Street Zen raised Liberty Broadband to a "hold" rating in a research note on Saturday, July 12th.

Liberty Broadband Profile

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.

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