Great Lakes Advisors LLC Boosts Holdings in Liberty Broadband Corp Series A (NASDAQ:LBRDA)

Great Lakes Advisors LLC boosted its position in Liberty Broadband Corp Series A (NASDAQ:LBRDA) by 32.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,756 shares of the company’s stock after buying an additional 1,424 shares during the period. Great Lakes Advisors LLC’s holdings in Liberty Broadband Corp Series A were worth $601,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. FNY Investment Advisers LLC acquired a new stake in Liberty Broadband Corp Series A in the second quarter valued at $35,000. Usca Ria LLC acquired a new position in shares of Liberty Broadband Corp Series A during the 3rd quarter worth $42,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Liberty Broadband Corp Series A by 29.7% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 498 shares of the company’s stock worth $51,000 after buying an additional 114 shares during the last quarter. Pathstone Family Office LLC raised its stake in shares of Liberty Broadband Corp Series A by 141.7% during the 2nd quarter. Pathstone Family Office LLC now owns 1,008 shares of the company’s stock worth $104,000 after buying an additional 591 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Liberty Broadband Corp Series A during the 2nd quarter worth $106,000. Hedge funds and other institutional investors own 12.69% of the company’s stock.

Several research analysts have recently issued reports on LBRDA shares. Deutsche Bank lifted their price target on Liberty Broadband Corp Series A from $117.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday. BidaskClub raised Liberty Broadband Corp Series A from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 30th. Benchmark lifted their price target on Liberty Broadband Corp Series A from $134.00 to $136.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Citigroup initiated coverage on shares of Liberty Broadband Corp Series A in a research note on Friday, October 4th. They issued a “buy” rating and a $125.00 target price for the company. Finally, TD Securities raised shares of Liberty Broadband Corp Series A from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $116.86.

Shares of LBRDA stock opened at $117.13 on Friday. The company has a current ratio of 8.04, a quick ratio of 8.04 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $21.51 billion, a price-to-earnings ratio of 538.54 and a beta of 1.28. Liberty Broadband Corp Series A has a twelve month low of $68.76 and a twelve month high of $120.00. The firm has a 50-day moving average price of $111.65 and a 200 day moving average price of $104.26.

In related news, CEO Gregory B. Maffei sold 29,141 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $118.05, for a total transaction of $3,440,095.05. Following the sale, the chief executive officer now directly owns 270,020 shares of the company’s stock, valued at approximately $31,875,861. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Gregory B. Maffei sold 16,437 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $117.05, for a total value of $1,923,950.85. Following the sale, the chief executive officer now directly owns 270,020 shares in the company, valued at $31,605,841. The disclosure for this sale can be found here. Over the last three months, insiders have sold 307,478 shares of company stock worth $35,933,014. Corporate insiders own 0.01% of the company’s stock.

About Liberty Broadband Corp Series A

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.

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Institutional Ownership by Quarter for Liberty Broadband Corp Series A (NASDAQ:LBRDA)

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