Northern Trust Corp Boosts Holdings in Liberty Broadband Corporation $LBRDK

Key Points

• Northern Trust Corp increased its holdings in Liberty Broadband Corporation by 3.2% during the first quarter, acquiring an additional 24,634 shares, bringing its total stake to 0.55% of the company's stock, valued at approximately $66.8 million.
• Various institutional investors have recently adjusted their positions in Liberty Broadband, with 80.22% of the stock currently held by institutional investors and hedge funds.
• Liberty Broadband's stock opened at $62.65 and has experienced a trading decline of 1.5%, with the company's market cap currently at $8.99 billion.

Northern Trust Corp lifted its stake in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 785,490 shares of the company's stock after acquiring an additional 24,634 shares during the quarter. Northern Trust Corp owned 0.55% of Liberty Broadband worth $66,806,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in LBRDK. SouthState Corp purchased a new stake in shares of Liberty Broadband in the 1st quarter valued at approximately $25,000. Vestor Capital LLC acquired a new position in Liberty Broadband in the first quarter valued at $44,000. Continuum Advisory LLC purchased a new stake in shares of Liberty Broadband in the first quarter valued at about $58,000. Quarry LP boosted 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 valued at $62,000 after acquiring an additional 475 shares in the last quarter. Finally, Brooklyn Investment Group increased its holdings 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 buying an additional 303 shares in the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Broadband Trading Down 1.5%

NASDAQ LBRDK opened at $62.65 on Tuesday. Liberty Broadband Corporation has a 12 month low of $57.91 and a 12 month high of $104.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of 8.27 and a beta of 0.96. The company's fifty day moving average price is $79.64 and its two-hundred day moving average price is $83.93.

Analyst Upgrades and Downgrades

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

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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