Jane Street Group LLC boosted its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 283.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 396,532 shares of the company's stock after purchasing an additional 293,176 shares during the period. Jane Street Group LLC owned 0.28% of Liberty Broadband worth $33,725,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of LBRDK. Mercer Global Advisors Inc. ADV acquired a new stake in Liberty Broadband during the 4th quarter valued at $351,000. Ameriprise Financial Inc. increased its stake in shares of Liberty Broadband by 0.5% in the 4th quarter. Ameriprise Financial Inc. now owns 27,909 shares of the company's stock valued at $2,086,000 after buying an additional 131 shares during the period. Focus Partners Wealth acquired a new stake in shares of Liberty Broadband in the 4th quarter valued at $254,000. Graham Capital Management L.P. acquired a new stake in shares of Liberty Broadband in the 4th quarter valued at $311,000. Finally, Janus Henderson Group PLC increased its stake in shares of Liberty Broadband by 4.7% in the 4th quarter. Janus Henderson Group PLC now owns 51,700 shares of the company's stock valued at $3,864,000 after buying an additional 2,300 shares during the period. 80.22% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded Liberty Broadband to a "hold" rating in a research report on Saturday, July 12th.
Get Our Latest Research Report on Liberty Broadband
Liberty Broadband Trading Up 4.0%
LBRDK stock traded up $2.41 during midday trading on Wednesday, hitting $62.50. 308,509 shares of the company's stock were exchanged, compared to its average volume of 1,226,944. The stock's fifty day moving average price is $68.36 and its 200-day moving average price is $81.66. 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 cap of $8.97 billion, a PE ratio of 8.23 and a beta of 0.97. Liberty Broadband Corporation has a one year low of $57.75 and a one year high of $104.00.
Liberty Broadband Company Profile
(
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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