Northern Trust Corp Raises Stake in Liberty Broadband Corp Series A (LBRDA)

Northern Trust Corp grew its position in Liberty Broadband Corp Series A (NASDAQ:LBRDA) by 63.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 178,268 shares of the company’s stock after acquiring an additional 69,013 shares during the period. Northern Trust Corp’s holdings in Liberty Broadband Corp Series A were worth $13,484,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC grew its stake in Liberty Broadband Corp Series A by 27.7% during the 2nd quarter. FMR LLC now owns 616,823 shares of the company’s stock worth $46,656,000 after purchasing an additional 133,984 shares in the last quarter. Millennium Management LLC acquired a new position in Liberty Broadband Corp Series A during the 1st quarter worth $6,347,000. Allen Investment Management LLC acquired a new position in Liberty Broadband Corp Series A during the 2nd quarter worth $5,163,000. AMI Investment Management Inc. acquired a new position in Liberty Broadband Corp Series A during the 2nd quarter worth $3,390,000. Finally, Bank of America Corp DE grew its stake in Liberty Broadband Corp Series A by 46.7% during the 2nd quarter. Bank of America Corp DE now owns 125,614 shares of the company’s stock worth $9,502,000 after purchasing an additional 39,990 shares in the last quarter. 12.12% of the stock is owned by institutional investors and hedge funds.

LBRDA has been the subject of several analyst reports. BidaskClub cut Liberty Broadband Corp Series A from a “buy” rating to a “hold” rating in a research note on Saturday, July 21st. Zacks Investment Research raised Liberty Broadband Corp Series A from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Deutsche Bank lowered their target price on Liberty Broadband Corp Series A from $107.00 to $101.00 and set a “buy” rating for the company in a research note on Tuesday, August 14th. Macquarie boosted their target price on Liberty Broadband Corp Series A from $84.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 22nd. Finally, ValuEngine raised Liberty Broadband Corp Series A from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $105.60.

NASDAQ:LBRDA opened at $82.74 on Wednesday. The stock has a market cap of $14.84 billion, a PE ratio of 7.45 and a beta of 1.24. Liberty Broadband Corp Series A has a 1 year low of $67.75 and a 1 year high of $98.53. The company has a quick ratio of 9.56, a current ratio of 9.56 and a debt-to-equity ratio of 0.05.

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Liberty Broadband Corp Series A Company Profile

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential and commercial customers in the United States. It operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understanding the precise geographic location and movement of mobile devices; enhancing the location determination capabilities of a hybrid location system.

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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 Series A (NASDAQ:LBRDA).

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

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