UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Acquires 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 lifted its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 343,260 shares of the company's stock after buying an additional 11,705 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.24% of Liberty Broadband worth $29,194,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Resonant Capital Advisors LLC raised its holdings in shares of Liberty Broadband by 3.1% in the first quarter. Resonant Capital Advisors LLC now owns 4,197 shares of the company's stock worth $357,000 after buying an additional 126 shares during the period. Ameriprise Financial Inc. increased its holdings in Liberty Broadband by 0.5% during the 4th quarter. Ameriprise Financial Inc. now owns 27,909 shares of the company's stock worth $2,086,000 after purchasing an additional 131 shares during the period. CWM LLC increased its holdings in Liberty Broadband by 6.4% during the 1st quarter. CWM LLC now owns 2,309 shares of the company's stock worth $196,000 after purchasing an additional 138 shares during the period. Integrated Wealth Concepts LLC increased its holdings in Liberty Broadband by 4.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company's stock worth $348,000 after purchasing an additional 174 shares during the period. Finally, Venturi Wealth Management LLC increased its holdings in Liberty Broadband by 4.4% during the 1st quarter. Venturi Wealth Management LLC now owns 4,424 shares of the company's stock worth $376,000 after purchasing an additional 186 shares during the period. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Liberty Broadband Trading Up 0.2%

NASDAQ LBRDK traded up $0.12 on Friday, reaching $60.41. The stock had a trading volume of 1,732,200 shares, compared to its average volume of 1,051,722. Liberty Broadband Corporation has a 12-month low of $57.75 and a 12-month high of $104.00. The stock has a fifty day moving average price of $66.21 and a two-hundred day moving average price of $81.20. 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 firm has a market capitalization of $8.67 billion, a price-to-earnings ratio of 7.97 and a beta of 0.97.

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.