Vanguard Group Inc. lessened its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 0.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,005,355 shares of the company's stock after selling 59,068 shares during the quarter. Vanguard Group Inc. owned approximately 7.68% of Liberty Broadband worth $936,005,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas acquired a new stake in Liberty Broadband in the 1st quarter valued at $2,666,000. Amalgamated Bank boosted its stake in Liberty Broadband by 5.8% in the 1st quarter. Amalgamated Bank now owns 6,293 shares of the company's stock valued at $535,000 after buying an additional 346 shares in the last quarter. Highland Capital Management LLC acquired a new stake in Liberty Broadband in the 1st quarter valued at $1,163,000. Envestnet Asset Management Inc. boosted its stake in Liberty Broadband by 9.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 155,091 shares of the company's stock valued at $13,191,000 after buying an additional 12,878 shares in the last quarter. Finally, Hi Line Capital Management LLC boosted its stake in Liberty Broadband by 17.9% in the 1st quarter. Hi Line Capital Management LLC now owns 165,319 shares of the company's stock valued at $14,060,000 after buying an additional 25,132 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company's stock.
Liberty Broadband Stock Up 2.0%
Shares of LBRDK stock traded up $1.20 on Friday, hitting $61.40. 754,985 shares of the stock were exchanged, compared to its average volume of 1,244,781. Liberty Broadband Corporation has a fifty-two week low of $57.91 and a fifty-two week high of $104.00. The firm has a market capitalization of $8.80 billion, a P/E ratio of 8.09 and a beta of 0.96. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average of $84.06 and a 200 day moving average of $84.60.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded Liberty Broadband to a "hold" rating in a research report on Saturday, July 12th.
Get Our Latest Report on LBRDK
Liberty Broadband Company Profile
(
Free Report)
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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