US Bancorp DE boosted its holdings in Liberty Broadband Corp (NASDAQ:LBRDK) by 11.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 40,099 shares of the company’s stock after buying an additional 4,018 shares during the period. US Bancorp DE’s holdings in Liberty Broadband were worth $3,414,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Ameriprise Financial Inc. raised its stake in shares of Liberty Broadband by 4.1% during the second quarter. Ameriprise Financial Inc. now owns 50,779 shares of the company’s stock valued at $4,379,000 after purchasing an additional 1,992 shares during the period. Advisor Group Inc. raised its stake in shares of Liberty Broadband by 14.2% during the second quarter. Advisor Group Inc. now owns 1,674 shares of the company’s stock valued at $146,000 after purchasing an additional 208 shares during the period. Parametric Portfolio Associates LLC raised its stake in shares of Liberty Broadband by 22.0% during the second quarter. Parametric Portfolio Associates LLC now owns 84,260 shares of the company’s stock valued at $7,310,000 after purchasing an additional 15,210 shares during the period. Numeric Investors LLC raised its stake in shares of Liberty Broadband by 7.4% during the second quarter. Numeric Investors LLC now owns 2,900 shares of the company’s stock valued at $252,000 after purchasing an additional 200 shares during the period. Finally, Macquarie Group Ltd. raised its stake in shares of Liberty Broadband by 260.0% during the second quarter. Macquarie Group Ltd. now owns 1,800 shares of the company’s stock valued at $156,000 after purchasing an additional 1,300 shares during the period. Hedge funds and other institutional investors own 54.12% of the company’s stock.
In related news, Director John E. Welsh III purchased 2,000 shares of the firm’s stock in a transaction dated Friday, December 22nd. The stock was acquired at an average price of $85.50 per share, with a total value of $171,000.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $427,500. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 10.80% of the stock is currently owned by company insiders.
Shares of Liberty Broadband Corp (NASDAQ LBRDK) opened at $89.07 on Wednesday. Liberty Broadband Corp has a 1 year low of $80.41 and a 1 year high of $104.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 11.64 and a current ratio of 11.64. The firm has a market cap of $16,249.67, a P/E ratio of 890.79 and a beta of 1.36.
Separately, Zacks Investment Research lowered shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research note on Friday, October 20th.
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Liberty Broadband Company 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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