State of New Jersey Common Pension Fund D Sells 1,336 Shares of Liberty Broadband Corporation $LBRDK

State of New Jersey Common Pension Fund D trimmed its stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 45,460 shares of the company’s stock after selling 1,336 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Liberty Broadband were worth $4,472,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LBRDK. Hsbc Holdings PLC raised its stake in shares of Liberty Broadband by 6,649.1% during the 1st quarter. Hsbc Holdings PLC now owns 878,124 shares of the company’s stock valued at $73,923,000 after purchasing an additional 865,113 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Liberty Broadband by 94.3% in the first quarter. Goldman Sachs Group Inc. now owns 778,238 shares of the company’s stock valued at $66,189,000 after acquiring an additional 377,602 shares during the period. Jane Street Group LLC boosted its position in shares of Liberty Broadband by 283.7% in the first quarter. Jane Street Group LLC now owns 396,532 shares of the company’s stock valued at $33,725,000 after acquiring an additional 293,176 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Liberty Broadband by 13.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,310,698 shares of the company’s stock valued at $196,522,000 after acquiring an additional 275,354 shares during the period. Finally, Adage Capital Partners GP L.L.C. boosted its position in shares of Liberty Broadband by 21.2% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,491,606 shares of the company’s stock valued at $126,861,000 after acquiring an additional 260,470 shares during the period. 80.22% of the stock is currently owned by institutional investors.

Liberty Broadband Price Performance

LBRDK opened at $56.52 on Tuesday. The stock has a 50-day moving average price of $60.80 and a 200-day moving average price of $77.18. Liberty Broadband Corporation has a 12-month low of $56.13 and a 12-month high of $104.00. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $8.11 billion, a P/E ratio of 7.46 and a beta of 1.01.

Analyst Upgrades and Downgrades

LBRDK has been the subject of several recent analyst reports. Wall Street Zen upgraded Liberty Broadband to a “hold” rating in a research report on Saturday, July 12th. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Broadband in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus 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.