Sendero Wealth Management LLC Reduces Stock Holdings in Liberty Broadband Corporation $LBRDK

Sendero Wealth Management LLC lessened its stake in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 8.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,628 shares of the company's stock after selling 3,925 shares during the quarter. Sendero Wealth Management LLC's holdings in Liberty Broadband were worth $4,292,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Liberty Broadband by 13.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,310,698 shares of the company's stock valued at $196,522,000 after purchasing an additional 275,354 shares during the period. Madison Asset Management LLC lifted its holdings in Liberty Broadband by 8.5% in the 1st quarter. Madison Asset Management LLC now owns 1,781,745 shares of the company's stock worth $151,537,000 after buying an additional 140,307 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its position in Liberty Broadband by 21.2% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,491,606 shares of the company's stock valued at $126,861,000 after buying an additional 260,470 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Liberty Broadband by 4.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,019,711 shares of the company's stock valued at $86,726,000 after acquiring an additional 47,167 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position 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 worth $73,923,000 after acquiring an additional 865,113 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company's stock.

Liberty Broadband Trading Up 3.9%

Shares of NASDAQ LBRDK opened at $64.53 on Monday. 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 stock's 50 day moving average price is $61.24 and its two-hundred day moving average price is $79.73. Liberty Broadband Corporation has a 52-week low of $57.75 and a 52-week high of $104.00. The stock has a market capitalization of $9.26 billion, a P/E ratio of 8.51 and a beta of 1.01.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on LBRDK shares. Weiss Ratings reissued a "hold (c)" rating on shares of Liberty Broadband in a report on Saturday, September 27th. Wall Street Zen upgraded Liberty Broadband to a "hold" rating in a research note on Saturday, July 12th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold".

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.

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