Hound Partners LLC grew its holdings in Liberty Broadband Corp (NASDAQ:LBRDA) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 259,160 shares of the company’s stock after acquiring an additional 674 shares during the period. Liberty Broadband comprises about 0.6% of Hound Partners LLC’s investment portfolio, making the stock its 19th biggest position. Hound Partners LLC owned about 0.14% of Liberty Broadband worth $22,042,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. State of Wisconsin Investment Board grew its stake in Liberty Broadband by 72.7% in the fourth quarter. State of Wisconsin Investment Board now owns 679,365 shares of the company’s stock worth $57,780,000 after purchasing an additional 286,067 shares in the last quarter. Newtyn Management LLC bought a new stake in Liberty Broadband during the 3rd quarter valued at $23,074,000. Freshford Capital Management LLC purchased a new stake in shares of Liberty Broadband during the 4th quarter valued at $20,361,000. Simcoe Capital Management LLC purchased a new stake in shares of Liberty Broadband during the 3rd quarter valued at $13,207,000. Finally, Leucadia National Corp lifted its holdings in shares of Liberty Broadband by 99.1% during the 4th quarter. Leucadia National Corp now owns 226,786 shares of the company’s stock valued at $19,288,000 after purchasing an additional 112,875 shares during the last quarter. Institutional investors and hedge funds own 12.74% of the company’s stock.
Shares of LBRDA stock traded up $0.01 on Wednesday, reaching $86.25. 181,169 shares of the company were exchanged, compared to its average volume of 171,719. Liberty Broadband Corp has a 52-week low of $80.39 and a 52-week high of $104.35. The company has a current ratio of 7.97, a quick ratio of 7.97 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $15,739.88, a PE ratio of 862.49 and a beta of 1.42.
In other news, Director John E. Welsh III purchased 2,000 shares of the business’s 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.09% of the stock is currently owned by corporate insiders.
Several equities research analysts have weighed in on LBRDA shares. BidaskClub raised Liberty Broadband from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Buckingham Research assumed coverage on Liberty Broadband in a report on Wednesday, December 13th. They issued a “buy” rating and a $119.00 price objective on the stock. TheStreet raised shares of Liberty Broadband from a “c” rating to a “b” rating in a research note on Tuesday, February 20th. ValuEngine lowered shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research note on Wednesday, February 14th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $134.00 price target on shares of Liberty Broadband in a research report on Monday, March 12th. Three analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $122.75.
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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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