Liberty Broadband Corporation $LBRDK Shares Purchased by Amundi

Amundi grew its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 188.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 292,004 shares of the company's stock after purchasing an additional 190,630 shares during the quarter. Amundi owned approximately 0.20% of Liberty Broadband worth $24,680,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LBRDK. Mercer Global Advisors Inc. ADV purchased a new position in shares of Liberty Broadband during the 4th quarter worth $351,000. Ameriprise Financial Inc. raised its holdings in Liberty Broadband by 0.5% in the 4th quarter. Ameriprise Financial Inc. now owns 27,909 shares of the company's stock valued at $2,086,000 after buying an additional 131 shares during the period. Baird Financial Group Inc. raised its holdings in Liberty Broadband by 2.8% in the 4th quarter. Baird Financial Group Inc. now owns 27,163 shares of the company's stock valued at $2,031,000 after buying an additional 752 shares during the period. Focus Partners Wealth purchased a new stake in Liberty Broadband in the 4th quarter valued at about $254,000. Finally, Graham Capital Management L.P. purchased a new stake in Liberty Broadband in the 4th quarter valued at about $311,000. Institutional investors and hedge funds own 80.22% of the company's stock.

Wall Street Analysts Forecast Growth

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

Liberty Broadband Trading Down 0.4%

NASDAQ LBRDK traded down $0.24 during trading on Friday, hitting $60.55. The stock had a trading volume of 1,022,839 shares, compared to its average volume of 1,039,641. The company has a market capitalization of $8.69 billion, a PE ratio of 7.99 and a beta of 0.97. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average price of $69.91 and a 200 day moving average price of $81.96. Liberty Broadband Corporation has a twelve month low of $57.75 and a twelve month high of $104.00.

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.