Liberty Broadband (LBRDK) Shares Sold by LPL Financial LLC

LPL Financial LLC lessened its stake in Liberty Broadband (NASDAQ:LBRDK) by 10.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,163 shares of the company’s stock after selling 595 shares during the quarter. LPL Financial LLC’s holdings in Liberty Broadband were worth $440,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. M&T Bank Corp increased its holdings in Liberty Broadband by 15.4% during 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 in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in Liberty Broadband by 4.0% during 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 in the last quarter. Vantage Investment Advisors LLC increased its holdings in Liberty Broadband by 50.0% during 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 in the last quarter. Raymond James & Associates increased its holdings in Liberty Broadband by 1.1% during the 4th quarter. Raymond James & Associates now owns 89,642 shares of the company’s stock valued at $7,634,000 after acquiring an additional 983 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in Liberty Broadband by 11.7% during the 4th quarter. Amalgamated Bank now owns 11,459 shares of the company’s stock valued at $976,000 after acquiring an additional 1,198 shares in the last quarter. Institutional investors and hedge funds own 54.59% of the company’s stock.

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NASDAQ:LBRDK opened at $83.76 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. Liberty Broadband has a twelve month low of $80.41 and a twelve month high of $104.66. The stock has a market cap of $15,116.09, a price-to-earnings ratio of 833.60 and a beta of 1.40.

Several equities analysts have weighed in on LBRDK shares. Zacks Investment Research upgraded shares of Liberty Broadband from a “hold” rating to a “strong-buy” rating and set a $107.00 target price for the company in a report on Saturday, January 20th. TheStreet upgraded shares of Liberty Broadband from a “c” rating to a “b” rating in a report on Tuesday, February 20th. Finally, ValuEngine downgraded shares of Liberty Broadband from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th.

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Liberty Broadband Company Profile

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.

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

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