Liberty Broadband Corp Series C (LBRDK) Reaches New 52-Week High at $91.04

Shares of Liberty Broadband Corp Series C (NASDAQ:LBRDK) reached a new 52-week high on Wednesday . The company traded as high as $91.04 and last traded at $90.86, with a volume of 12904 shares trading hands. The stock had previously closed at $89.97.

Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Liberty Broadband Corp Series C from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. TheStreet cut shares of Liberty Broadband Corp Series C from a “b” rating to a “c+” rating in a research note on Monday, December 24th. Finally, TD Securities upped their price target on shares of Liberty Broadband Corp Series C from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, March 1st.

The company has a market capitalization of $16.32 billion, a price-to-earnings ratio of 241.21 and a beta of 1.40. The company has a current ratio of 10.33, a quick ratio of 10.33 and a debt-to-equity ratio of 0.05.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc grew its stake in Liberty Broadband Corp Series C by 1.8% during the third quarter. Vanguard Group Inc now owns 9,972,642 shares of the company’s stock worth $840,693,000 after buying an additional 175,570 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Liberty Broadband Corp Series C by 1.8% in the fourth quarter. BlackRock Inc. now owns 8,006,202 shares of the company’s stock valued at $576,686,000 after purchasing an additional 138,963 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Liberty Broadband Corp Series C by 93.9% in the fourth quarter. Bank of America Corp DE now owns 2,031,059 shares of the company’s stock valued at $146,297,000 after purchasing an additional 983,542 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Liberty Broadband Corp Series C by 15.7% in the third quarter. Janus Henderson Group PLC now owns 1,970,572 shares of the company’s stock valued at $166,119,000 after purchasing an additional 268,095 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Liberty Broadband Corp Series C by 9.5% in the fourth quarter. Geode Capital Management LLC now owns 1,417,821 shares of the company’s stock valued at $102,072,000 after purchasing an additional 123,037 shares during the last quarter. Hedge funds and other institutional investors own 56.70% of the company’s stock.

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Liberty Broadband Corp Series C Company Profile (NASDAQ:LBRDK)

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company 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 understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.

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