Liberty Broadband Corporation $LBRDK Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. has reduced its stake in Liberty Broadband Corporation by 14.7%, selling 83,510 shares during the first quarter of the year.
• After the sale, Invesco still holds about 484,045 shares valued at approximately $41.17 million, which represents 0.34% of Liberty Broadband's total stock.
• Wall Street analysts have given Liberty Broadband a "hold" rating, despite the stock trading slightly down by 0.3% with a current share price of $61.38.

Invesco Ltd. reduced its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 14.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 484,045 shares of the company's stock after selling 83,510 shares during the quarter. Invesco Ltd. owned approximately 0.34% of Liberty Broadband worth $41,168,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of LBRDK. Deutsche Bank AG lifted its position in shares of Liberty Broadband by 125.6% in the 4th quarter. Deutsche Bank AG now owns 3,060,143 shares of the company's stock worth $228,776,000 after buying an additional 1,703,637 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in shares of Liberty Broadband by 425.3% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,231,136 shares of the company's stock worth $92,040,000 after acquiring an additional 996,764 shares during the period. Pentwater Capital Management LP increased its holdings in shares of Liberty Broadband by 454.0% in the 4th quarter. Pentwater Capital Management LP now owns 1,108,000 shares of the company's stock worth $82,834,000 after acquiring an additional 908,000 shares during the period. Makaira Partners LLC increased its holdings in shares of Liberty Broadband by 219.6% in the 4th quarter. Makaira Partners LLC now owns 1,244,270 shares of the company's stock worth $93,022,000 after acquiring an additional 854,954 shares during the period. Finally, Benchstone Capital Management LP acquired a new stake in shares of Liberty Broadband in the 4th quarter worth about $41,221,000. 80.22% of the stock is currently owned by institutional investors.

Liberty Broadband Stock Performance

Shares of LBRDK stock traded up $2.13 during trading hours on Friday, reaching $63.62. The stock had a trading volume of 825,432 shares, compared to its average volume of 2,311,082. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. Liberty Broadband Corporation has a twelve month low of $57.91 and a twelve month high of $104.00. The firm has a 50-day simple moving average of $80.18 and a 200-day simple moving average of $84.00. The firm has a market capitalization of $9.13 billion, a PE ratio of 8.39 and a beta of 0.96.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Liberty Broadband to a "hold" rating in a 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.