LPL Financial LLC Grows Stock Position in Liberty Broadband Corporation $LBRDK

Key Points

• LPL Financial LLC increased its holdings in Liberty Broadband Corporation by 225.4% in Q1, owning 18,724 shares worth approximately $1.59 million.
• Liberty Broadband stock is currently priced at $61.49, with a one-year range between $57.91 and $104.00.
• Wall Street analysts have upgraded Liberty Broadband to a "hold" rating as of July 12th, signaling a change in market sentiment.

LPL Financial LLC raised its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 225.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,724 shares of the company's stock after purchasing an additional 12,969 shares during the quarter. LPL Financial LLC's holdings in Liberty Broadband were worth $1,592,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of LBRDK. Raymond James Financial Inc. purchased a new stake in shares of Liberty Broadband in the fourth quarter worth about $949,000. Guggenheim Capital LLC lifted its stake in Liberty Broadband by 111.0% in the 4th quarter. Guggenheim Capital LLC now owns 11,503 shares of the company's stock worth $860,000 after purchasing an additional 6,052 shares in the last quarter. Stifel Financial Corp boosted its holdings in Liberty Broadband by 2.6% in the 4th quarter. Stifel Financial Corp now owns 96,914 shares of the company's stock valued at $7,245,000 after purchasing an additional 2,453 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Liberty Broadband by 23.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 495,297 shares of the company's stock valued at $37,029,000 after purchasing an additional 93,405 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its holdings in shares of Liberty Broadband by 425.3% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,231,136 shares of the company's stock worth $92,040,000 after purchasing an additional 996,764 shares during the period. Institutional investors own 80.22% of the company's stock.

Wall Street Analysts Forecast Growth

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

Liberty Broadband Price Performance

Shares of LBRDK traded up $2.13 during midday trading 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 current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $9.13 billion, a price-to-earnings ratio of 8.39 and a beta of 0.96. The company's 50-day moving average is $80.18 and its 200 day moving average is $84.00. Liberty Broadband Corporation has a 12-month low of $57.91 and a 12-month high of $104.00.

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.