Liberty Broadband Corporation (NASDAQ:LBRDK) Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has reduced its stake in Liberty Broadband Corporation by 0.5%, owning approximately 11 million shares valued at $936 million as of the latest SEC filing.
• Several hedge funds significantly increased their positions in Liberty Broadband, with Deutsche Bank AG boosting its stake by 125.6% during the previous quarter.
• Liberty Broadband's shares opened at $58.83, and the company has a market cap of $8.43 billion, with a PE ratio of 7.76.

Vanguard Group Inc. reduced its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 0.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,005,355 shares of the company's stock after selling 59,068 shares during the quarter. Vanguard Group Inc. owned 7.68% of Liberty Broadband worth $936,005,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LBRDK. Teacher Retirement System of Texas acquired a new stake in shares of Liberty Broadband during the 1st quarter valued at approximately $2,666,000. Amalgamated Bank raised its position in shares of 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 acquiring an additional 346 shares in the last quarter. Highland Capital Management LLC acquired a new stake in shares of Liberty Broadband during the 1st quarter valued at approximately $1,163,000. Envestnet Asset Management Inc. raised its position in shares of 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 acquiring an additional 12,878 shares in the last quarter. Finally, Hi Line Capital Management LLC increased its position in Liberty Broadband by 17.9% in the first quarter. Hi Line Capital Management LLC now owns 165,319 shares of the company's stock worth $14,060,000 after buying an additional 25,132 shares during the period. 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 Liberty Broadband to a "hold" rating in a research report on Saturday, July 12th.

Liberty Broadband Stock Performance

NASDAQ LBRDK traded up $1.38 during trading hours on Friday, hitting $61.58. The company had a trading volume of 1,779,633 shares, compared to its average volume of 2,431,578. Liberty Broadband Corporation has a fifty-two week low of $57.91 and a fifty-two week high of $104.00. 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 business has a fifty day simple moving average of $83.41 and a 200-day simple moving average of $84.46. The firm has a market cap of $8.83 billion, a P/E ratio of 8.12 and a beta of 0.96.

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.