Price T Rowe Associates Inc. MD Increases Position in Liberty Broadband Corporation $LBRDK

Key Points

• Price T Rowe Associates Inc. MD increased its stake in Liberty Broadband Corporation by **33.1%**, owning 659,330 shares valued at approximately **$56 million**.
• Other institutional investors, such as **Deutsche Bank AG** and **Pentwater Capital Management**, also significantly raised their holdings, with Deutsche Bank's stake increasing by **125.6%**.
• Liberty Broadband's current stock price is **$61.15**, with a recent **market capitalization** of **$8.77 billion** and a PE ratio of **8.07**.

Price T Rowe Associates Inc. MD grew its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 33.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 659,330 shares of the company's stock after acquiring an additional 164,033 shares during the period. Price T Rowe Associates Inc. MD owned about 0.46% of Liberty Broadband worth $56,077,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Deutsche Bank AG lifted its holdings in Liberty Broadband by 125.6% in the 4th quarter. Deutsche Bank AG now owns 3,060,143 shares of the company's stock worth $228,776,000 after buying an additional 1,703,637 shares during the period. Pentwater Capital Management LP grew its position in shares of Liberty Broadband by 454.0% in the 4th quarter. Pentwater Capital Management LP now owns 1,108,000 shares of the company's stock worth $82,834,000 after buying an additional 908,000 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Liberty Broadband by 6,649.1% during the first quarter. Hsbc Holdings PLC now owns 878,124 shares of the company's stock valued at $73,923,000 after buying an additional 865,113 shares during the period. Benchstone Capital Management LP bought a new position in shares of Liberty Broadband during the fourth quarter valued at approximately $41,221,000. Finally, Empyrean Capital Partners LP purchased a new stake in Liberty Broadband in the fourth quarter worth $23,965,000. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Liberty Broadband Stock Up 0.6%

Shares of LBRDK traded up $0.37 on Friday, reaching $60.86. The stock had a trading volume of 921,185 shares, compared to its average volume of 1,599,708. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. Liberty Broadband Corporation has a 12-month low of $57.91 and a 12-month high of $104.00. The firm has a market capitalization of $8.73 billion, a price-to-earnings ratio of 8.03 and a beta of 0.96. The company has a 50-day simple moving average of $77.93 and a 200-day simple moving average of $83.51.

About Liberty Broadband

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.