Dimensional Fund Advisors LP Has $196.52 Million Position 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 lifted its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 13.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. SouthState Corp acquired a new position in Liberty Broadband in the first quarter worth approximately $25,000. Vestor Capital LLC purchased a new stake in Liberty Broadband in the 1st quarter worth approximately $44,000. Continuum Advisory LLC acquired a new stake in Liberty Broadband during the first quarter valued at $58,000. Quarry LP lifted its holdings in shares of Liberty Broadband by 131.6% during the 4th quarter. Quarry LP now owns 836 shares of the company's stock valued at $62,000 after buying an additional 475 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in Liberty Broadband by 171.6% in the first quarter. Versant Capital Management Inc now owns 1,657 shares of the company's stock valued at $141,000 after acquiring an additional 1,047 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors.

Liberty Broadband Price Performance

Liberty Broadband stock traded up $2.13 on Friday, reaching $63.62. The company's stock had a trading volume of 825,432 shares, compared to its average volume of 1,245,994. Liberty Broadband Corporation has a twelve month low of $57.91 and a twelve 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. The business's fifty day moving average price is $80.75 and its 200 day moving average price is $84.04. The company has a market cap of $9.13 billion, a price-to-earnings ratio of 8.39 and a beta of 0.96.

Analyst Ratings Changes

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

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.