Blue Sky Asset Management LLC acquired a new stake in Liberty Broadband Corp (NASDAQ:LBRDK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,540 shares of the company’s stock, valued at approximately $1,579,000. Liberty Broadband accounts for approximately 0.8% of Blue Sky Asset Management LLC’s investment portfolio, making the stock its 19th largest holding.
Other institutional investors and hedge funds have also modified their holdings of the company. Toronto Dominion Bank lifted its position in Liberty Broadband by 12.4% during the second quarter. Toronto Dominion Bank now owns 1,316 shares of the company’s stock worth $114,000 after buying an additional 145 shares in the last quarter. Cerebellum GP LLC purchased a new position in Liberty Broadband during the fourth quarter worth approximately $127,000. Advisor Group Inc. lifted its position in Liberty Broadband by 14.2% during the second quarter. Advisor Group Inc. now owns 1,674 shares of the company’s stock worth $146,000 after buying an additional 208 shares in the last quarter. Macquarie Group Ltd. lifted its position in Liberty Broadband by 260.0% during the second quarter. Macquarie Group Ltd. now owns 1,800 shares of the company’s stock worth $156,000 after buying an additional 1,300 shares in the last quarter. Finally, Massey Quick Simon & CO. LLC purchased a new position in Liberty Broadband during the third quarter worth approximately $172,000. 54.12% of the stock is currently owned by institutional investors.
In related news, Director John E. Welsh III bought 2,000 shares of the stock in a transaction that occurred on Friday, December 22nd. The stock was purchased at an average cost of $85.50 per share, with a total value of $171,000.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $427,500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 10.80% of the company’s stock.
Separately, Zacks Investment Research downgraded Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Friday, October 20th.
Shares of Liberty Broadband Corp (NASDAQ LBRDK) traded down $0.29 during midday trading on Wednesday, hitting $89.07. The stock had a trading volume of 487,500 shares, compared to its average volume of 720,859. Liberty Broadband Corp has a twelve month low of $80.41 and a twelve month high of $104.66. The company has a debt-to-equity ratio of 0.06, a current ratio of 11.64 and a quick ratio of 11.64. The firm has a market capitalization of $16,249.67, a PE ratio of 890.79 and a beta of 1.36.
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Liberty Broadband Profile
Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.
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