Tower Research Capital LLC TRC Buys Shares of 4,825 Liberty Broadband Corp (LBRDA)

Tower Research Capital LLC TRC bought a new position in Liberty Broadband Corp (NASDAQ:LBRDA) during the fourth quarter, HoldingsChannel reports. The fund bought 4,825 shares of the company’s stock, valued at approximately $410,000.

A number of other hedge funds also recently modified their holdings of the business. Artemis Investment Management LLP boosted its stake in shares of Liberty Broadband by 8.3% during the third quarter. Artemis Investment Management LLP now owns 725,116 shares of the company’s stock valued at $69,071,000 after purchasing an additional 55,837 shares in the last quarter. State of Wisconsin Investment Board boosted its stake in shares of Liberty Broadband by 72.7% during the fourth quarter. State of Wisconsin Investment Board now owns 679,365 shares of the company’s stock valued at $57,780,000 after purchasing an additional 286,067 shares in the last quarter. State Street Corp boosted its stake in shares of Liberty Broadband by 1.3% during the second quarter. State Street Corp now owns 308,683 shares of the company’s stock valued at $26,478,000 after purchasing an additional 3,975 shares in the last quarter. Newtyn Management LLC bought a new position in shares of Liberty Broadband during the third quarter valued at approximately $23,074,000. Finally, Markel Corp boosted its stake in shares of Liberty Broadband by 12.0% during the third quarter. Markel Corp now owns 205,250 shares of the company’s stock valued at $19,330,000 after purchasing an additional 22,000 shares in the last quarter. Institutional investors and hedge funds own 12.07% of the company’s stock.

LBRDA has been the topic of a number of recent research reports. Pivotal Research increased their price objective on shares of Liberty Broadband from $108.00 to $113.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. increased their price objective on shares of Liberty Broadband from $108.00 to $113.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. BidaskClub downgraded shares of Liberty Broadband from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 9th. Buckingham Research assumed coverage on shares of Liberty Broadband in a research note on Wednesday, December 13th. They set a “buy” rating and a $119.00 price objective on the stock. Finally, ValuEngine downgraded shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research note on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $117.50.

In other news, Director John E. Welsh III bought 2,000 shares of the stock in a transaction on Friday, December 22nd. The stock was bought at an average cost of $85.50 per share, for a total transaction of $171,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.09% of the stock is owned by company insiders.

Shares of Liberty Broadband Corp (NASDAQ:LBRDA) opened at $89.46 on Friday. The firm has a market cap of $16,521.43, a P/E ratio of 894.69 and a beta of 1.38. Liberty Broadband Corp has a one year low of $80.39 and a one year high of $104.35. The company has a quick ratio of 7.97, a current ratio of 7.97 and a debt-to-equity ratio of 0.05.

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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.

Want to see what other hedge funds are holding LBRDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Broadband Corp (NASDAQ:LBRDA).

Institutional Ownership by Quarter for Liberty Broadband (NASDAQ:LBRDA)

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