Townsquare Capital LLC Purchases New Shares in Liberty Broadband Corporation $LBRDK

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) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,253 shares of the company's stock, valued at approximately $1,467,000.

Several other large investors also recently modified their holdings of LBRDK. Vestor Capital LLC acquired a new stake in Liberty Broadband in the first quarter worth $44,000. Continuum Advisory LLC acquired a new stake in Liberty Broadband in the first quarter worth $58,000. Quarry LP grew its holdings in Liberty Broadband by 131.6% in the fourth quarter. Quarry LP now owns 836 shares of the company's stock worth $62,000 after purchasing an additional 475 shares during the period. Versant Capital Management Inc grew its holdings in Liberty Broadband by 171.6% in the first quarter. Versant Capital Management Inc now owns 1,657 shares of the company's stock worth $141,000 after purchasing an additional 1,047 shares during the period. Finally, CWM LLC grew its holdings in Liberty Broadband by 6.4% in the first quarter. CWM LLC now owns 2,309 shares of the company's stock worth $196,000 after purchasing an additional 138 shares during the period. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Liberty Broadband Stock Down 0.3%

Shares of Liberty Broadband stock traded down $0.21 during trading hours on Monday, reaching $61.37. The company's stock had a trading volume of 310,155 shares, compared to its average volume of 1,246,004. Liberty Broadband Corporation has a one year low of $57.91 and a one year high of $104.00. The company has a market capitalization of $8.80 billion, a P/E ratio of 8.10 and a beta of 0.96. The stock's fifty day simple moving average is $83.41 and its two-hundred day simple moving average is $84.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

Liberty Broadband Company 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.