Liberty Broadband Corporation $LBRDK Shares Bought by FNY Investment Advisers LLC

Key Points

• FNY Investment Advisers LLC significantly increased its holdings in Liberty Broadband Corporation by 1,174.4%, now owning 5,480 shares valued at approximately $539,000.
• Liberty Broadband currently has an average analyst rating of "Hold", with various research firms recently maintaining this stance on the company's stock.
• The company's stock opened at $58.18 and has experienced a range between a 12-month low of $57.19 and a high of $104.00.

FNY Investment Advisers LLC boosted its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 1,174.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,480 shares of the company's stock after acquiring an additional 5,050 shares during the quarter. FNY Investment Advisers LLC's holdings in Liberty Broadband were worth $539,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. SouthState Corp purchased a new position in Liberty Broadband in the first quarter valued at $25,000. Vestor Capital LLC acquired a new stake in shares of Liberty Broadband during the first quarter worth about $44,000. Fortitude Family Office LLC acquired a new stake in shares of Liberty Broadband during the second quarter worth about $48,000. Continuum Advisory LLC acquired a new stake in shares of Liberty Broadband during the first quarter worth about $58,000. Finally, GAMMA Investing LLC increased its position in Liberty Broadband by 39.2% in the 2nd quarter. GAMMA Investing LLC now owns 589 shares of the company's stock valued at $58,000 after acquiring an additional 166 shares during the period. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LBRDK. Wall Street Zen upgraded Liberty Broadband to a "hold" rating in a research report on Saturday, July 12th. Weiss Ratings reiterated a "hold (c)" rating on shares of Liberty Broadband in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold".

Liberty Broadband Stock Performance

NASDAQ:LBRDK opened at $58.18 on Wednesday. Liberty Broadband Corporation has a 12-month low of $57.19 and a 12-month high of $104.00. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $8.35 billion, a PE ratio of 7.68 and a beta of 1.01. The firm has a 50-day moving average price of $61.18 and a 200 day moving average price of $77.74.

Liberty Broadband 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.

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