Maverick Capital Ltd. increased its position in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 124.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,886 shares of the company's stock after acquiring an additional 4,372 shares during the quarter. Maverick Capital Ltd.'s holdings in Liberty Broadband were worth $671,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. SouthState Corp bought a new position in shares of Liberty Broadband in the first quarter valued at approximately $25,000. Vestor Capital LLC purchased a new stake in Liberty Broadband in the first quarter valued at approximately $44,000. Continuum Advisory LLC purchased a new stake in Liberty Broadband in the first quarter valued at approximately $58,000. Brooklyn Investment Group raised its stake in Liberty Broadband by 28.6% in the first quarter. Brooklyn Investment Group now owns 1,361 shares of the company's stock valued at $116,000 after purchasing an additional 303 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in Liberty Broadband by 171.6% in the first quarter. Versant Capital Management Inc now owns 1,657 shares of the company's stock valued at $141,000 after purchasing an additional 1,047 shares in the last quarter. 80.22% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised Liberty Broadband to a "hold" rating in a research note on Saturday, July 12th.
Get Our Latest Analysis on LBRDK
Liberty Broadband Price Performance
Shares of LBRDK stock traded up $0.50 during trading hours on Friday, hitting $59.98. 1,241,120 shares of the company's stock were exchanged, compared to its average volume of 1,125,309. The company has a market capitalization of $8.61 billion, a PE ratio of 7.91 and a beta of 0.97. Liberty Broadband Corporation has a 12-month low of $57.91 and a 12-month high of $104.00. The business's 50 day simple moving average is $73.85 and its 200-day simple moving average is $82.66. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.
Liberty Broadband 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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