Dimensional Fund Advisors LP Raises Stock Holdings in Liberty Broadband Corporation $LBRDK

Key Points

• Dimensional Fund Advisors LP increased its stake in Liberty Broadband by 13.5%, owning approximately 1.61% of the company after acquiring an additional 275,354 shares in the first quarter.
• Other institutional investors have also made adjustments, with 80.22% of the company's stock now owned by such entities, highlighting a strong institutional interest in Liberty Broadband.
• Liberty Broadband's current stock price is $61.38, down 0.3%, with analysts recently rating it as a "hold."

Dimensional Fund Advisors LP raised its stake in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 13.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,310,698 shares of the company's stock after purchasing an additional 275,354 shares during the quarter. Dimensional Fund Advisors LP owned 1.61% of Liberty Broadband worth $196,522,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LBRDK. Deutsche Bank AG lifted its position in Liberty Broadband by 125.6% in the fourth quarter. Deutsche Bank AG now owns 3,060,143 shares of the company's stock valued at $228,776,000 after purchasing an additional 1,703,637 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its stake in shares of Liberty Broadband by 425.3% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,231,136 shares of the company's stock valued at $92,040,000 after buying an additional 996,764 shares during the period. Pentwater Capital Management LP increased its stake in shares of Liberty Broadband by 454.0% during the fourth quarter. Pentwater Capital Management LP now owns 1,108,000 shares of the company's stock valued at $82,834,000 after buying an additional 908,000 shares during the period. Makaira Partners LLC increased its stake in shares of Liberty Broadband by 219.6% during the fourth quarter. Makaira Partners LLC now owns 1,244,270 shares of the company's stock valued at $93,022,000 after buying an additional 854,954 shares during the period. Finally, Benchstone Capital Management LP purchased a new position in shares of Liberty Broadband during the fourth quarter valued at approximately $41,221,000. Institutional investors own 80.22% of the company's stock.

Analyst Upgrades and Downgrades

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

Liberty Broadband Trading Up 3.5%

Shares of LBRDK traded up $2.13 during mid-day trading on Friday, hitting $63.62. 825,432 shares of the company's stock traded hands, compared to its average volume of 2,119,545. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. Liberty Broadband Corporation has a 1 year low of $57.91 and a 1 year high of $104.00. The firm has a market capitalization of $9.13 billion, a P/E ratio of 8.39 and a beta of 0.96. The business's 50-day moving average price is $80.18 and its 200-day moving average price is $84.04.

About Liberty Broadband

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.