Sequoia Financial Advisors LLC Trims Holdings in Liberty Broadband Corporation $LBRDK

Sequoia Financial Advisors LLC trimmed its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 8.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,388 shares of the company’s stock after selling 955 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Liberty Broadband were worth $1,022,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LBRDK. SouthState Corp purchased a new position in shares of Liberty Broadband during the 1st quarter worth approximately $25,000. Vestor Capital LLC purchased a new position in shares of Liberty Broadband during the 1st quarter worth approximately $44,000. Fortitude Family Office LLC purchased a new position in shares of Liberty Broadband during the 2nd quarter worth approximately $48,000. Continuum Advisory LLC bought a new stake in shares of Liberty Broadband in the 1st quarter worth approximately $58,000. Finally, GAMMA Investing LLC boosted its position in shares of Liberty Broadband by 39.2% in the 2nd quarter. GAMMA Investing LLC now owns 589 shares of the company’s stock worth $58,000 after purchasing an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Liberty Broadband Stock Down 0.8%

Shares of Liberty Broadband stock opened at $58.36 on Friday. The firm’s 50 day moving average price is $61.24 and its 200-day moving average price is $78.12. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. Liberty Broadband Corporation has a 52-week low of $57.75 and a 52-week high of $104.00. The company has a market cap of $8.37 billion, a P/E ratio of 7.70 and a beta of 1.01.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LBRDK. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Broadband in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Liberty Broadband to a “hold” rating in a research note on Saturday, July 12th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

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.