AQR Arbitrage LLC bought a new stake in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 83,145 shares of the company's stock, valued at approximately $7,051,000. AQR Arbitrage LLC owned approximately 0.06% of Liberty Broadband as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. AQR Capital Management LLC lifted its stake in shares of Liberty Broadband by 3.7% during the first quarter. AQR Capital Management LLC now owns 20,132 shares of the company's stock worth $1,707,000 after buying an additional 717 shares during the period. Amundi lifted its stake in shares of Liberty Broadband by 188.0% during the first quarter. Amundi now owns 292,004 shares of the company's stock worth $24,680,000 after buying an additional 190,630 shares during the period. Adage Capital Partners GP L.L.C. lifted its stake in shares of Liberty Broadband by 21.2% during the first quarter. Adage Capital Partners GP L.L.C. now owns 1,491,606 shares of the company's stock worth $126,861,000 after buying an additional 260,470 shares during the period. Maverick Capital Ltd. lifted its stake in shares of Liberty Broadband by 124.4% during the first quarter. Maverick Capital Ltd. now owns 7,886 shares of the company's stock worth $671,000 after buying an additional 4,372 shares during the period. Finally, Baird Financial Group Inc. lifted its stake in shares of Liberty Broadband by 1.3% during the first quarter. Baird Financial Group Inc. now owns 27,506 shares of the company's stock worth $2,339,000 after buying an additional 343 shares during the period. 80.22% of the stock is currently owned by institutional investors and hedge funds.
Liberty Broadband Stock Performance
LBRDK traded up $0.31 on Monday, reaching $60.29. The stock had a trading volume of 854,676 shares, compared to its average volume of 1,227,221. Liberty Broadband Corporation has a 12-month low of $57.75 and a 12-month high of $104.00. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The business's 50-day moving average price is $73.85 and its two-hundred day moving average price is $82.68. The company has a market cap of $8.65 billion, a P/E ratio of 7.94 and a beta of 0.97.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded shares of Liberty Broadband to a "hold" rating in a research report on Saturday, July 12th.
Get Our Latest Report on Liberty Broadband
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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