UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 11,705 Shares of Liberty Broadband Corporation $LBRDK

Key Points

• UBS AM increased its stake in Liberty Broadband Corporation by 3.5% in Q1, acquiring an additional 11,705 shares, bringing its total to 343,260 shares valued at approximately $29.2 million.
• Institutional investors collectively own 80.22% of Liberty Broadband, with several hedge funds, including the Teacher Retirement System of Texas, making significant new investments in the company during the same period.
• The stock price of Liberty Broadband decreased by 1.0%, with a current trading price of $59.96, while analysts have recently upgraded its rating to a "hold."

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 3.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 343,260 shares of the company's stock after acquiring an additional 11,705 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.24% of Liberty Broadband worth $29,194,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Teacher Retirement System of Texas purchased a new position in Liberty Broadband during the 1st quarter valued at about $2,666,000. Amalgamated Bank increased its holdings in Liberty Broadband by 5.8% during the 1st quarter. Amalgamated Bank now owns 6,293 shares of the company's stock valued at $535,000 after purchasing an additional 346 shares during the period. Highland Capital Management LLC purchased a new position in Liberty Broadband during the 1st quarter valued at about $1,163,000. Envestnet Asset Management Inc. increased its holdings in Liberty Broadband by 9.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 155,091 shares of the company's stock valued at $13,191,000 after purchasing an additional 12,878 shares during the period. Finally, Hi Line Capital Management LLC increased its holdings in Liberty Broadband by 17.9% during the 1st quarter. Hi Line Capital Management LLC now owns 165,319 shares of the company's stock valued at $14,060,000 after purchasing an additional 25,132 shares during the period. Institutional investors own 80.22% of the company's stock.

Liberty Broadband Stock Down 1.0%

LBRDK stock opened at $59.96 on Tuesday. Liberty Broadband Corporation has a fifty-two week low of $57.75 and a fifty-two week high of $104.00. The business's 50 day moving average price is $69.15 and its two-hundred day moving average price is $81.81. 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 capitalization of $8.60 billion, a price-to-earnings ratio of 7.91 and a beta of 0.97.

Analysts Set New Price Targets

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.

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