Commonwealth Equity Services LLC acquired a new stake in Liberty Broadband Co. (NASDAQ:LBRDK – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 10,984 shares of the company’s stock, valued at approximately $602,000.
Other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc boosted its holdings in Liberty Broadband by 4,888.9% during the second quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock valued at $25,000 after acquiring an additional 440 shares during the period. Beach Investment Counsel Inc. PA bought a new stake in Liberty Broadband during the 2nd quarter valued at approximately $36,000. Mather Group LLC. grew its stake in shares of Liberty Broadband by 103.7% in the second quarter. Mather Group LLC. now owns 762 shares of the company’s stock worth $44,000 after acquiring an additional 388 shares during the last quarter. UniSuper Management Pty Ltd lifted its position in shares of Liberty Broadband by 88.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,700 shares of the company’s stock worth $97,000 after acquiring an additional 800 shares during the period. Finally, CWM LLC boosted its position in shares of Liberty Broadband by 163.7% during the 2nd quarter. CWM LLC now owns 2,255 shares of the company’s stock valued at $124,000 after acquiring an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.
Liberty Broadband Stock Performance
Shares of NASDAQ LBRDK opened at $60.92 on Friday. The stock has a 50 day moving average price of $61.62 and a 200 day moving average price of $56.00. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $95.53. The stock has a market capitalization of $8.70 billion, a PE ratio of 10.34 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.68 and a current ratio of 1.68.
Analyst Ratings Changes
Several brokerages have weighed in on LBRDK. Rosenblatt Securities upped their price objective on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Morgan Stanley boosted their target price on Liberty Broadband from $62.00 to $69.00 and gave the stock an “equal weight” rating in a report on Friday, July 19th.
Get Our Latest Analysis on Liberty Broadband
About Liberty Broadband
Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.
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