Goldman Sachs Group Inc. Has $95.40 Million Holdings in Liberty Broadband (LBRDK)

Goldman Sachs Group Inc. grew its position in shares of Liberty Broadband (NASDAQ:LBRDK) by 13.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,120,251 shares of the company’s stock after purchasing an additional 128,541 shares during the period. Goldman Sachs Group Inc. owned approximately 0.62% of Liberty Broadband worth $95,401,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Liberty Broadband by 2.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,475 shares of the company’s stock valued at $2,332,000 after acquiring an additional 617 shares during the last quarter. Global X MANAGEMENT CO LLC lifted its holdings in shares of Liberty Broadband by 16.9% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 4,315 shares of the company’s stock valued at $411,000 after acquiring an additional 623 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of Liberty Broadband by 15.4% in the 4th quarter. M&T Bank Corp now owns 4,736 shares of the company’s stock valued at $403,000 after acquiring an additional 633 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in shares of Liberty Broadband by 4.0% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 17,189 shares of the company’s stock valued at $1,464,000 after acquiring an additional 663 shares during the last quarter. Finally, Vantage Investment Advisors LLC lifted its holdings in shares of Liberty Broadband by 50.0% in the 4th quarter. Vantage Investment Advisors LLC now owns 2,323 shares of the company’s stock valued at $198,000 after acquiring an additional 774 shares during the last quarter. Hedge funds and other institutional investors own 54.59% of the company’s stock.

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Shares of NASDAQ LBRDK opened at $82.42 on Friday. The company has a quick ratio of 7.97, a current ratio of 7.97 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $15,136.03, a price-to-earnings ratio of 13.74 and a beta of 1.40. Liberty Broadband has a 1 year low of $80.41 and a 1 year high of $104.66.

Several brokerages have issued reports on LBRDK. ValuEngine downgraded shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research note on Tuesday, February 27th. Zacks Investment Research downgraded shares of Liberty Broadband from a “buy” rating to a “hold” rating in a research note on Wednesday, March 21st. Finally, TheStreet raised shares of Liberty Broadband from a “c” rating to a “b” rating in a research note on Tuesday, February 20th.

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About Liberty Broadband

Liberty Broadband Corp. operates as a holding company, which engages in cable services and wireless telecommunications businesses. It operates through its subsidiaries, Charter Communications, Inc and TruePosition, Inc The company was founded on November 4, 2014 is headquartered on Englewood, CO.

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

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