20,481 Shares in Liberty Broadband Corporation $LBRDK Purchased by Strs Ohio

Key Points

• Strs Ohio has invested approximately $1.74 million in Liberty Broadband Corporation by acquiring 20,481 shares during the first quarter.
• Other notable investors, such as the Teacher Retirement System of Texas and Amalgamated Bank, have also increased their positions in Liberty Broadband during the same period.
• Wall Street analysts have recently upgraded Liberty Broadband to a "hold" rating, indicating potential growth prospects for the company.

Strs Ohio bought a new position in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 20,481 shares of the company's stock, valued at approximately $1,742,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hsbc Holdings PLC grew its holdings in shares of Liberty Broadband by 6,649.1% in 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 period. Goldman Sachs Group Inc. increased its position in shares of Liberty Broadband by 94.3% during the first quarter. Goldman Sachs Group Inc. now owns 778,238 shares of the company's stock worth $66,189,000 after acquiring an additional 377,602 shares during the period. Jane Street Group LLC raised its holdings in shares of Liberty Broadband by 283.7% in the first quarter. Jane Street Group LLC now owns 396,532 shares of the company's stock valued at $33,725,000 after buying an additional 293,176 shares during the last quarter. Dimensional Fund Advisors LP grew its position 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 last quarter. Finally, Adage Capital Partners GP L.L.C. increased its stake in Liberty Broadband by 21.2% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,491,606 shares of the company's stock worth $126,861,000 after buying an additional 260,470 shares during the period. 80.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Liberty Broadband Price Performance

LBRDK traded up $0.12 during midday trading on Friday, hitting $60.41. The stock had a trading volume of 1,732,200 shares, compared to its average volume of 1,051,722. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market cap of $8.67 billion, a P/E ratio of 7.97 and a beta of 0.97. The business has a fifty day moving average of $66.21 and a 200 day moving average of $81.20. Liberty Broadband Corporation has a 1 year low of $57.75 and a 1 year high of $104.00.

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.