FPR Partners LLC Has $60.54 Million Stake in Liberty Broadband Corporation $LBRDK

Key Points

• FPR Partners LLC reduced its holdings in Liberty Broadband Corporation by 43.4% during the first quarter, now owning 711,827 shares worth approximately $60.5 million.
• Liberty Broadband’s shares experienced a one-year low of $57.91 and a one-year high of $104.00, currently opening at $61.49.
• Analyst ratings for Liberty Broadband were recently adjusted, with Wall Street Zen upgrading the stock to a "hold" rating on July 12th.

FPR Partners LLC lowered its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 43.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 711,827 shares of the company's stock after selling 545,496 shares during the quarter. Liberty Broadband accounts for about 10.4% of FPR Partners LLC's investment portfolio, making the stock its 6th biggest holding. FPR Partners LLC owned 0.50% of Liberty Broadband worth $60,541,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of LBRDK. SouthState Corp purchased a new position in shares of Liberty Broadband in the first quarter worth $25,000. Vestor Capital LLC bought a new stake in shares of Liberty Broadband in the first quarter worth $44,000. Continuum Advisory LLC bought a new stake in shares of Liberty Broadband in the first quarter worth $58,000. Quarry LP grew its holdings in shares of Liberty Broadband by 131.6% in the fourth quarter. Quarry LP now owns 836 shares of the company's stock worth $62,000 after acquiring an additional 475 shares during the period. Finally, Brooklyn Investment Group grew its holdings in shares of Liberty Broadband by 28.6% in the first quarter. Brooklyn Investment Group now owns 1,361 shares of the company's stock worth $116,000 after acquiring an additional 303 shares during the period. Hedge funds and other institutional investors own 80.22% of the company's stock.

Liberty Broadband Stock Performance

NASDAQ:LBRDK traded up $2.13 during mid-day trading on Friday, hitting $63.62. 825,432 shares of the company traded hands, compared to its average volume of 2,119,545. The stock's fifty day moving average price is $80.18 and its 200-day moving average price is $84.04. Liberty Broadband Corporation has a one year low of $57.91 and a one year 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 cap of $9.13 billion, a price-to-earnings ratio of 8.39 and a beta of 0.96.

Analysts Set New Price Targets

Separately, Wall Street Zen raised 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.