Yarbrough Capital LLC Acquires Shares of 11,118 Liberty Broadband Corporation $LBRDK

Key Points

• Yarbrough Capital LLC has acquired 11,118 shares of Liberty Broadband Corporation, valued at approximately $1,094,000, as disclosed in its recent 13F filing with the SEC.
• Liberty Broadband's stock opened at $61.30 with a market capitalization of $8.80 billion, while its 1-year low and high are $57.75 and $104.00 respectively.
• Wall Street Zen has upgraded Liberty Broadband to a "hold" rating as of July 12, reflecting analysts' positive outlook on the company's stock performance.

Yarbrough Capital LLC bought a new position in Liberty Broadband Corporation (NASDAQ:LBRDK - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,118 shares of the company's stock, valued at approximately $1,094,000.

Several other institutional investors also recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its position in Liberty Broadband by 0.5% in 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 in the last quarter. ProShare Advisors LLC acquired a new position in shares of Liberty Broadband in the 4th quarter valued at $221,000. Tidal Investments LLC boosted its holdings in Liberty Broadband by 13.5% during the fourth quarter. Tidal Investments LLC now owns 3,182 shares of the company's stock worth $238,000 after buying an additional 379 shares in the last quarter. Voloridge Investment Management LLC purchased a new stake in Liberty Broadband during the fourth quarter worth $4,991,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Liberty Broadband by 16.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 331,555 shares of the company's stock valued at $24,787,000 after buying an additional 47,667 shares during the period. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Price Performance

Liberty Broadband stock opened at $61.30 on Wednesday. The stock has a market capitalization of $8.80 billion, a P/E ratio of 8.09 and a beta of 0.97. The company's fifty day moving average price is $64.97 and its 200 day moving average price is $80.80. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. Liberty Broadband Corporation has a 1 year low of $57.75 and a 1 year high of $104.00.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Liberty Broadband to a "hold" rating in a research 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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