Capital Fund Management S.A. bought a new position in Liberty Broadband Corp (NASDAQ:LBRDK) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 51,800 shares of the company’s stock, valued at approximately $4,411,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Toronto Dominion Bank grew 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 valued at $114,000 after buying an additional 145 shares during the period. Cerebellum GP LLC bought a new position in Liberty Broadband during the fourth quarter valued at about $127,000. Advisor Group Inc. grew 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 valued at $146,000 after buying an additional 208 shares during the period. Macquarie Group Ltd. grew 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 valued at $156,000 after buying an additional 1,300 shares during the period. Finally, Massey Quick Simon & CO. LLC bought a new position in Liberty Broadband during the third quarter valued at about $172,000. Hedge funds and other institutional investors own 54.12% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Liberty Broadband from a “hold” rating to a “strong-buy” rating and set a $107.00 price target for the company in a research report on Saturday, January 20th.
Liberty Broadband Corp (LBRDK) opened at $92.18 on Friday. The firm has a market cap of $16,658.82, a PE ratio of 921.89 and a beta of 1.36. The company has a current ratio of 7.97, a quick ratio of 11.64 and a debt-to-equity ratio of 0.05. Liberty Broadband Corp has a 1 year low of $80.41 and a 1 year high of $104.66.
In related news, Director John E. Welsh III purchased 2,000 shares of Liberty Broadband stock in a transaction that occurred on Friday, December 22nd. The stock was bought at an average price of $85.50 per share, for a total transaction of $171,000.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at $427,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.80% of the stock is currently owned by corporate insiders.
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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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