Virtu Financial LLC Has $2.07 Million Holdings in Liberty Broadband Corporation $LBRDA

Virtu Financial LLC grew its holdings in Liberty Broadband Corporation (NASDAQ:LBRDA) by 234.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,920 shares of the company’s stock after acquiring an additional 30,088 shares during the quarter. Virtu Financial LLC’s holdings in Liberty Broadband were worth $2,072,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Franklin Resources Inc. raised its stake in Liberty Broadband by 66.2% during the 2nd quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock valued at $60,000 after purchasing an additional 245 shares during the last quarter. Comerica Bank grew its position in Liberty Broadband by 104.2% in the 4th quarter. Comerica Bank now owns 1,027 shares of the company’s stock worth $50,000 after purchasing an additional 524 shares during the last quarter. Federation des caisses Desjardins du Quebec increased its holdings in shares of Liberty Broadband by 22.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,377 shares of the company’s stock worth $66,000 after purchasing an additional 248 shares during the period. CANADA LIFE ASSURANCE Co raised its position in shares of Liberty Broadband by 62.3% during the second quarter. CANADA LIFE ASSURANCE Co now owns 2,245 shares of the company’s stock valued at $220,000 after buying an additional 862 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of Liberty Broadband by 26.4% in the third quarter. CIBC Private Wealth Group LLC now owns 2,621 shares of the company’s stock valued at $166,000 after buying an additional 547 shares during the period. Institutional investors and hedge funds own 10.29% of the company’s stock.

Liberty Broadband Stock Performance

LBRDA stock opened at $29.54 on Friday. Liberty Broadband Corporation has a 1-year low of $29.45 and a 1-year high of $101.00. The firm has a market cap of $4.24 billion, a P/E ratio of -1.54 and a beta of 0.66. The business’s 50 day moving average is $38.45 and its 200-day moving average is $45.77. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27.

Liberty Broadband (NASDAQ:LBRDA) last posted its earnings results on Tuesday, April 28th. The company reported $1.41 EPS for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Broadband in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Liberty Broadband presently has a consensus rating of “Sell”.

Liberty Broadband Company Profile

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter’s Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.