Wittenberg Investment Management Inc. trimmed its stake in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) by 13.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,460 shares of the company's stock after selling 5,529 shares during the period. Liberty Broadband comprises 1.3% of Wittenberg Investment Management Inc.'s holdings, making the stock its 13th biggest holding. Wittenberg Investment Management Inc.'s holdings in Liberty Broadband were worth $2,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently added to or reduced their stakes in the stock. Vestor Capital LLC bought a new stake in shares of Liberty Broadband in the 1st quarter valued at about $44,000. Continuum Advisory LLC bought a new stake in shares of Liberty Broadband in the 1st quarter valued at about $58,000. Quarry LP raised its holdings in shares of Liberty Broadband by 131.6% in the 4th quarter. Quarry LP now owns 836 shares of the company's stock valued at $62,000 after purchasing an additional 475 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Liberty Broadband by 171.6% in the 1st quarter. Versant Capital Management Inc now owns 1,657 shares of the company's stock valued at $141,000 after purchasing an additional 1,047 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Liberty Broadband by 6.4% in the 1st quarter. CWM LLC now owns 2,309 shares of the company's stock valued at $196,000 after purchasing an additional 138 shares in the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of Liberty Broadband to a "hold" rating in a research note on Saturday, July 12th.
Read Our Latest Analysis on LBRDK
Liberty Broadband Stock Performance
Shares of LBRDK stock traded down $0.15 during trading hours on Monday, hitting $58.16. The company's stock had a trading volume of 765,918 shares, compared to its average volume of 1,237,907. The company has a 50 day moving average of $86.71 and a 200 day moving average of $85.23. The stock has a market cap of $8.34 billion, a PE ratio of 7.67 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. Liberty Broadband Corporation has a 12-month low of $58.08 and a 12-month high of $104.00.
Liberty Broadband 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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