Boston Partners Makes New $3.45 Million Investment in Liberty Broadband Corporation $LBRDK

Key Points

• Boston Partners has acquired 40,563 shares of Liberty Broadband Corporation (NASDAQ:LBRDK) during the first quarter, amounting to approximately $3,450,000.
• Institutional investors collectively own 80.22% of Liberty Broadband's stock, indicating significant interest in the company.
• Wall Street Zen upgraded Liberty Broadband shares to a "hold" rating in a recent research report.

Boston Partners acquired a new stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,563 shares of the company's stock, valued at approximately $3,450,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its stake in shares of Liberty Broadband by 80.3% during the first quarter. Russell Investments Group Ltd. now owns 23,290 shares of the company's stock valued at $1,981,000 after purchasing an additional 10,371 shares during the period. SouthState Corp bought a new position in shares of Liberty Broadband during the first quarter valued at approximately $25,000. Nuveen LLC purchased a new stake in Liberty Broadband in the first quarter worth $18,201,000. Townsquare Capital LLC bought a new stake in Liberty Broadband in the first quarter valued at $1,467,000. Finally, Wolverine Asset Management LLC increased its position in Liberty Broadband by 124.2% during the 1st quarter. Wolverine Asset Management LLC now owns 21,295 shares of the company's stock valued at $1,811,000 after purchasing an additional 11,796 shares during the period. Hedge funds and other institutional investors own 80.22% of the company's stock.

Liberty Broadband Stock Up 3.9%

Shares of LBRDK traded up $2.4060 on Friday, reaching $63.8960. The stock had a trading volume of 346,323 shares, compared to its average volume of 1,242,858. The firm has a market capitalization of $9.17 billion, a price-to-earnings ratio of 8.46 and a beta of 0.96. The company has a 50-day simple moving average of $80.75 and a 200-day simple moving average of $84.04. Liberty Broadband Corporation has a 12-month low of $57.91 and a 12-month 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.

Analyst Ratings Changes

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

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.