Charles Schwab Investment Management Inc. raised its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 4.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,019,711 shares of the company's stock after acquiring an additional 47,167 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.71% of Liberty Broadband worth $86,726,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. LPL Financial LLC raised its stake in Liberty Broadband by 11.6% in the fourth quarter. LPL Financial LLC now owns 5,755 shares of the company's stock valued at $430,000 after buying an additional 599 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Liberty Broadband by 10.4% in the 4th quarter. Russell Investments Group Ltd. now owns 12,919 shares of the company's stock worth $966,000 after acquiring an additional 1,218 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Liberty Broadband during the 4th quarter valued at $949,000. Sterling Capital Management LLC boosted its position in Liberty Broadband by 23.5% during the 4th quarter. Sterling Capital Management LLC now owns 5,415 shares of the company's stock worth $405,000 after purchasing an additional 1,029 shares during the period. Finally, Walleye Capital LLC lifted its holdings in Liberty Broadband by 527.2% in the 4th quarter. Walleye Capital LLC now owns 182,862 shares of the company's stock worth $13,671,000 after buying an additional 153,707 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company's stock.
Liberty Broadband Price Performance
LBRDK traded up $1.38 during midday trading on Friday, hitting $61.58. The company had a trading volume of 1,779,633 shares, compared to its average volume of 2,431,578. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market capitalization of $8.83 billion, a PE ratio of 8.12 and a beta of 0.96. Liberty Broadband Corporation has a twelve month low of $57.91 and a twelve month high of $104.00. The firm's 50-day simple moving average is $83.41 and its 200-day simple moving average is $84.50.
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.
View Our Latest Research 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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