Franklin Resources Inc. lowered its position in Liberty Broadband Corp (NASDAQ:LBRDK) by 26.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 468,303 shares of the company’s stock after selling 170,765 shares during the period. Franklin Resources Inc.’s holdings in Liberty Broadband were worth $39,880,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Ironvine Capital Partners LLC acquired a new position in shares of Liberty Broadband in the 4th quarter worth approximately $15,153,000. Quantitative Investment Management LLC acquired a new position in shares of Liberty Broadband in the 4th quarter worth approximately $732,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Liberty Broadband by 10.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 15,023 shares of the company’s stock worth $1,279,000 after purchasing an additional 1,400 shares during the period. MANA Advisors LLC acquired a new position in shares of Liberty Broadband in the 4th quarter worth approximately $752,000. Finally, Renaissance Technologies LLC lifted its position in shares of Liberty Broadband by 257.8% in the 4th quarter. Renaissance Technologies LLC now owns 486,300 shares of the company’s stock worth $41,413,000 after purchasing an additional 350,384 shares during the period. Hedge funds and other institutional investors own 54.59% of the company’s stock.
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Liberty Broadband from a “hold” rating to a “strong-buy” rating and set a $107.00 target price on the stock in a research report on Saturday, January 20th. TheStreet upgraded shares of Liberty Broadband from a “c” rating to a “b” rating in a research report on Tuesday, February 20th. Finally, ValuEngine downgraded shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Tuesday, February 27th.
Liberty Broadband Corp (LBRDK) opened at $87.77 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 7.97 and a current ratio of 7.97. Liberty Broadband Corp has a 1 year low of $80.41 and a 1 year high of $104.66. The stock has a market cap of $16,144.26, a price-to-earnings ratio of 890.30 and a beta of 1.41.
In other Liberty Broadband news, Director John E. Welsh III purchased 2,000 shares of the firm’s stock in a transaction on Friday, December 22nd. The stock was acquired at an average price of $85.50 per share, for a total transaction of $171,000.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $427,500. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 10.80% of the stock is owned by insiders.
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Liberty Broadband Company Profile
Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.
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