Amundi increased its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 188.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 292,004 shares of the company's stock after acquiring an additional 190,630 shares during the period. Amundi owned approximately 0.20% of Liberty Broadband worth $24,680,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of LBRDK. Mercer Global Advisors Inc. ADV bought a new stake in Liberty Broadband during the 4th quarter worth approximately $351,000. Ameriprise Financial Inc. increased its holdings in Liberty Broadband by 0.5% during the 4th quarter. Ameriprise Financial Inc. now owns 27,909 shares of the company's stock worth $2,086,000 after acquiring an additional 131 shares during the period. Baird Financial Group Inc. grew its stake in Liberty Broadband by 2.8% in the 4th quarter. Baird Financial Group Inc. now owns 27,163 shares of the company's stock worth $2,031,000 after buying an additional 752 shares in the last quarter. Focus Partners Wealth purchased a new position in Liberty Broadband in the 4th quarter worth approximately $254,000. Finally, Graham Capital Management L.P. purchased a new position in Liberty Broadband in the 4th quarter worth approximately $311,000. Institutional investors own 80.22% of the company's stock.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised shares of Liberty Broadband to a "hold" rating in a research note on Saturday, July 12th.
Check Out Our Latest Analysis on Liberty Broadband
Liberty Broadband Trading Down 0.4%
NASDAQ:LBRDK traded down $0.24 during trading hours on Friday, reaching $60.55. The company's stock had a trading volume of 589,738 shares, compared to its average volume of 1,228,019. The firm has a market capitalization of $8.69 billion, a price-to-earnings ratio of 7.97 and a beta of 0.97. The firm has a 50-day simple moving average of $70.71 and a 200-day simple moving average of $82.08. Liberty Broadband Corporation has a 1 year low of $57.75 and a 1 year high of $104.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.
About Liberty Broadband
(
Free Report)
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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