Liberty Broadband Corporation (NASDAQ:LBRDK) Stake Lifted by National Bank of Canada FI

Key Points

• National Bank of Canada FI increased its stake in Liberty Broadband Corporation by 16.4%, owning 92,900 shares valued at approximately $7.9 million as of the latest reporting period.
• Other institutional investors, including Vestor Capital LLC and Continuum Advisory LLC, have also made significant investments in Liberty Broadband, indicating growing interest with 80.22% of the stock now held by hedge funds and other institutions.
• Liberty Broadband's stock currently has a market capitalization of $8.59 billion and is rated as a "hold" by Wall Street analysts, highlighting a cautious outlook amidst notable price fluctuations.

National Bank of Canada FI lifted its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 16.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 92,900 shares of the company's stock after buying an additional 13,084 shares during the quarter. National Bank of Canada FI owned approximately 0.06% of Liberty Broadband worth $7,901,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Resonant Capital Advisors LLC raised its stake in Liberty Broadband by 3.1% in the 1st quarter. Resonant Capital Advisors LLC now owns 4,197 shares of the company's stock valued at $357,000 after purchasing an additional 126 shares during the last quarter. Ameriprise Financial Inc. raised its stake in 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 purchasing an additional 131 shares during the last quarter. CWM LLC raised its stake in Liberty Broadband by 6.4% in the 1st quarter. CWM LLC now owns 2,309 shares of the company's stock valued at $196,000 after purchasing an additional 138 shares during the last quarter. Northeast Financial Consultants Inc grew its holdings in Liberty Broadband by 6.3% in the 4th quarter. Northeast Financial Consultants Inc now owns 2,989 shares of the company's stock valued at $223,000 after buying an additional 177 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in Liberty Broadband by 4.4% in the 1st quarter. Venturi Wealth Management LLC now owns 4,424 shares of the company's stock valued at $376,000 after buying an additional 186 shares during the period. Institutional investors and hedge funds own 80.22% of the company's stock.

Liberty Broadband Stock Up 2.3%

Shares of LBRDK traded up $1.38 during trading on Friday, reaching $61.58. The company's stock had a trading volume of 1,779,633 shares, compared to its average volume of 2,431,578. The company has a fifty day moving average of $83.41 and a two-hundred day moving average of $84.50. Liberty Broadband Corporation has a twelve month low of $57.91 and a twelve month high of $104.00. The company has a market cap of $8.83 billion, a price-to-earnings ratio of 8.12 and a beta of 0.96. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded 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.