Royal Bank of Canada grew its stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK – Free Report) by 8.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 443,926 shares of the company’s stock after acquiring an additional 34,577 shares during the period. Royal Bank of Canada’s holdings in Liberty Broadband were worth $22,329,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in LBRDK. Banyan Capital Management Inc. bought a new stake in Liberty Broadband in the 4th quarter valued at $3,366,000. M&T Bank Corp increased its position in Liberty Broadband by 4,476.6% during the 4th quarter. M&T Bank Corp now owns 234,824 shares of the company’s stock worth $12,421,000 after buying an additional 229,693 shares during the period. Investment Management Associates Inc. ADV lifted its holdings in shares of Liberty Broadband by 8.8% during the first quarter. Investment Management Associates Inc. ADV now owns 467,220 shares of the company’s stock worth $23,501,000 after buying an additional 37,936 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Liberty Broadband by 75.7% during the first quarter. Sei Investments Co. now owns 162,451 shares of the company’s stock worth $8,171,000 after buying an additional 69,971 shares in the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd boosted its position in shares of Liberty Broadband by 1.0% in the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 953,079 shares of the company’s stock valued at $46,320,000 after acquiring an additional 9,670 shares during the period. Institutional investors and hedge funds own 80.22% of the company’s stock.
Liberty Broadband Price Performance
Shares of NASDAQ:LBRDK opened at $35.99 on Thursday. The firm has a 50 day moving average of $31.87 and a 200-day moving average of $42.11. Liberty Broadband Corporation has a 12 month low of $26.25 and a 12 month high of $65.72. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $5.16 billion, a PE ratio of -5.15 and a beta of 0.64.
Analyst Ratings Changes
Check Out Our Latest Research Report on LBRDK
Liberty Broadband Profile
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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