Quantinno Capital Management LP raised its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK – Free Report) by 30.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 387,044 shares of the company’s stock after acquiring an additional 91,176 shares during the quarter. Quantinno Capital Management LP’s holdings in Liberty Broadband were worth $19,468,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Liberty Broadband in the fourth quarter worth about $180,881,000. UBS Group AG lifted its stake in shares of Liberty Broadband by 301.3% during the 4th quarter. UBS Group AG now owns 1,505,070 shares of the company’s stock valued at $73,146,000 after buying an additional 1,130,044 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Liberty Broadband during the 3rd quarter valued at approximately $52,032,000. Marshall Wace LLP boosted its holdings in Liberty Broadband by 475.3% in the 3rd quarter. Marshall Wace LLP now owns 942,375 shares of the company’s stock worth $59,879,000 after buying an additional 778,580 shares during the period. Finally, Greenstone Partners & Co. LLC bought a new position in Liberty Broadband in the 4th quarter worth approximately $37,501,000. Institutional investors own 80.22% of the company’s stock.
Liberty Broadband Price Performance
Shares of NASDAQ:LBRDK opened at $34.04 on Friday. The company’s fifty day moving average price is $31.80 and its 200-day moving average price is $42.38. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.09 and a quick ratio of 1.09. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of -4.87 and a beta of 0.65. Liberty Broadband Corporation has a one year low of $26.25 and a one year high of $65.72.
Analyst Ratings Changes
Check Out Our Latest Stock Report on LBRDK
About Liberty Broadband
Liberty Broadband Corporation is a publicly traded holding company that principally invests in broadband and cable businesses. Established in 2014 as a spin-off from Liberty Interactive Corporation, the company was designed to provide investors with targeted exposure to high-growth broadband assets. Headquartered in Englewood, Colorado, Liberty Broadband uses a tracking-stock structure to reflect the performance of its key investments rather than operating a stand-alone service business.
The company’s primary asset is its substantial equity interest in Charter Communications, one of the largest cable and broadband providers in the United States.
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